RCL is likely to list its tower subsidiary Reliance Telecom Infrastructure Limited (RTIL) by March 2008 through an initial public offering (IPO).

RCL is likely to list its tower subsidiary Reliance Telecom Infrastructure Limited (RTIL) by March 2008 through an initial public offering (IPO). RCL, which offloaded 5 per cent stake in RTIL to seven overseas investors in July 2007, plans to sell 10 per cent stake through the IPO. The valuation of RTIL as per the 5 per cent equity placement in July 2007 is about Rs 270 billion.

But RCL is expecting a much higher valuation this time.