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Idea Cellular plans to raise Rs 1000 crore

08 Feb 2017 Evaluate

Idea Cellular is planning to raise Rs 1,000 crore through issuance of non-convertible debentures on private placement basis. The debentures, having tenure of seven years, will carry a coupon rate of 8.12 per cent per annum. The debentures are secured against movable fixed assets excluding spectrum/telecom licences, passive telecom infrastructure and employee assets up to Rs 250 crore.

Idea Cellular is an Aditya Birla Group Company, India's first truly multinational corporation. Idea is a pan-India integrated GSM operator offering 2G and 3G services, and has its own NLD and ILD operations, and ISP license.

Peers
Company Name CMP
Bharti Airtel 1959.30
Jio Platforms 1461.50
Vodafone Idea 11.94
Indus Towers 378.00
Tata Communications 1671.85
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