Idea Cellular gains on raising Rs 3,000 crore through QIP

Vodafone Idea Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532822 | NSE: IDEA

13 Jun 2014 Evaluate

Idea Cellular is currently trading at Rs. 142.00, up by 0.80 points or 0.57% from its previous closing of Rs. 141.20 on the BSE.

The scrip opened at Rs. 142.00 and has touched a high and low of Rs. 142.90 and Rs. 141.50 respectively. So far 94794 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 188.35 on 15-Oct-2013 and a 52 week low of Rs. 125.10 on 28-Feb-2014.

Last one week high and low of the scrip stood at Rs. 148.55 and Rs. 138.00 respectively. The current market cap of the company is Rs. 50324.01 crore.

The promoters holding in the company stood at 45.81%, while Institutions and Non-Institutions held 21.92% and 32.27% respectively.

Idea Cellular, the third largest Indian telecom wireless operator, has successfully closed its Qualified Institutions Placement (QIP) and has issued and allotted 22.39 crore equity shares of face value of Rs 10 each to qualified institutional buyers, at an issue price of Rs 134 per equity share including a premium of Rs 124 per equity share, aggregating to approximately Rs 3,000 crore.

The issue witnessed strong interest from both foreign and Indian investors. The overall allocation to foreign investors is approximately 62% of the Issue and to domestic investors is approximately 38% of the issue, resulting in diversified representation from a high quality global investor base.

DSP Merrill Lynch, Citigroup Global Markets India, Morgan Stanley India Company and Standard Chartered Securities (India) acted as Global coordinators and Book Running Lead Managers, and Axis Capital acted as Book Running Lead Manager to the Issue.

Further, the company is proposing to undertake a private placement of 5.18 crore equity shares at Rs 144.68 per equity share aggregating to Rs 750 crore to a subsidiary of Axiata Group Berhad of Malayasia, an existing key shareholder of company, subject to shareholders’ and other necessary approvals.

Vodafone Idea Share Price

11.30 0.50 (4.63%)

06-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bharti Airtel	1833.40
Vodafone Idea	11.30
Indus Towers	408.25
Tata Communications	1592.90
Bharti Hexacom Ltd.	1512.75
View more..

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