Singapore-based Axious Investments is reportedly set to pick up 3.8 percent stake in Quippo Telecom Infrastructure for a value of about Rs 200 crore. The deal is reported to be involving picking stake from an existing shareholder.

Quippo is considered to be one of the strong telecom infrastructure companies present in India. The company received a boost when it entered into a deal with Tata Teleservices (TTSL) whereby telecom infrastructure arm of TTSL was merged with Quippo.

The move resulted in number of towers of Quippo increasing significantly which in turn increased its valuation.

The move by existing shareholder to exit the firm maybe from the point of view of reaping good valuations for stake held in the firm.