Quippo Telecom Infrastructure Limited (QTIL), part of Quippo Infrastructure Equipment, an arm of Srei Infrastructure Finance, a leading non-banking financial institution, plans to raise Rs 18,420 crore through equity, debt and a combination of the two.

The funds will be used to expand the tower business from 30,000 to 60,000 in the next 24 months.

The company is examining market conditions for coming up with an initial public offering (IPO).  It is exploring various options including raising funds through funds, debt or a combination of two.