Bengaluru-based Tejas Networks, the second biggest player in the Indian optical equipment market (having 15 per cent market share), plans to raise Rs. 776 crore through an initial public offer (IPO), which opened on Wednesday.
Read MoreThe initial public offer (IPO) of Tejas Networks got oversubscribed 1.85 times on the last day of offer till 5 pm
Read MoreSanjay Nayak, MD and CEO, Tejas Networks, pointed out that globally there is a robust demand for networking equipment- Business Lineol.
Read MoreThe company raised nearly Rs 777 crore through the issue; of which it raised Rs 350 crore from anchor investors on June 13.
Read More"We see opportunities for our GPON products, optical transmission products as well as ruggedized switches.”
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