Public issue of 39,56,808 equity shares of Rs.10/- each for cash at a price of Rs. 150/- per equity share aggregating to Rs. 59.35 Crores (hereinafter referred to as 'The Issue') by XL Telecom Limited (The Company or The Issuer). The face value of the equity share is Rs. 10/- each. The issue includes a reservation of 1,76,808 equity shares of Rs. 10/- each aggregating to Rs. 2.65 crores for subscription by elegible employees of the company. The net issue to the public shall be of 37,80,000 equity shares of Rs. 10/- each aggregating to Rs. 56.70 lakhs. The net issue would constitute 26.07% of the post issue paid up capital of the company.