Hutchison puts off Indian cellular IPO

7 Apr 2005

Hong Kong-based telecoms group Hutchison Whampoa has pushed back the date of the planned IPO of its Indian mobile arm, Hutchison Telecommunications. The eagerly-awaited listing, expected to raise between USD350 million and USD500 million was pencilled in for early 2005, but the company has now delayed it until the second half of the year, awaiting clarity from the Indian government and regulator over changes to foreign shareholding rules.

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