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Idea Cellular seeks shareholders nod to raise up to Rs 10,000 crore

07 Sep 2015 Evaluate

Idea Cellular is seeking shareholders nod to raise up to Rs 10,000 crore through issue of non-convertible securities on private placement basis in one or more tranches. The country’s third largest mobile operator would seek shareholders approval at its annual general meeting to be held on September 28.

Idea Cellular, an AV Birla group company, provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level, it is present in all 22 telecom circles.


Peers
Company Name CMP
Bharti Airtel 1833.00
Vodafone Idea 13.20
Indus Towers 385.00
Tata Communications 1660.15
Railtel Corp. India 254.45
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