Bharti Hexacon, an arm of Bharti Airtel, filed a draft red herring prospectus with SEBI for an IPO on Saturday.

In a letter to the National Stock Exchange, the company said that its board of directors in a meeting held on Friday approved IPO of equity shares of face value of ₹5 each, comprising an offer for sale (OFS) of up to 10 crore equity shares.

This is a developing story. Stay tuned for updates.