May 24 (Reuters) - Tower :
* Will be proposing equity capital raise of up to r820 million through issue of new tower shares, at an issue price of 8 rand per share
* Equity raise will be offered to qualifying investors through a bookbuild process conducted on jse
* Applications will be subject to a minimum subscription amount of r1 million per applicant.
* Java capital is acting as sole bookrunner. Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)