Aksh Optifibre Limited has informed the Exchange that the Company (Aksh) intends to launch a process to raise upto $20 million on a private placement basis to grow its Internet Protocol Television (IPTV) and Voice Over Internet ("VoIP") business (together the "Services Business"). The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).