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Idea Cellular to raise Rs 1000 crore via NCDs

03 Jan 2017 Evaluate

Idea Cellular, one of the largest Indian telecom operators, has decided to raise Rs 1000 crore through issuance of unsecured redeemable Non-Convertible Debentures (NCDs) on private placement basis. Tenure of these bonds will be 5 years and will carry a coupon rate of 7.77%.

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 1837.00
Vodafone Idea 14.29
Indus Towers 375.55
Tata Communications 1798.65
Railtel Corp. India 252.55
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