One97 Communications IPO Postponed On December 13

One97 Communications IPO Postponed On December 13Telecommunications valueadded service provider One97 Communications has postponed its IPO by about 2 weeks because of the present market movements, a high official said.

The firm’s Initial public offering to boost around Rs 120 cr will now available on December 13 as well as close on December 16, Chairman and MD Vijay Shekhar Sharma informed Reuters.

The company, which offers valueadded services to telecommunications service providers, customers as well as enterprises, had previously intended to open the offering on December 1.

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