Idea Cellular has decided to raise Rs 500 crore through issuance of unsecured redeemable non-convertible debentures (NCDs) on private placement basis. The debentures, having tenure of five years, will carry a coupon rate of 8.03% per annum. The date of maturity for these NCDs will be February 14, 2022.
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.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1846.55 |
| Vodafone Idea | 9.62 |
| Indus Towers | 412.35 |
| Tata Communications | 1521.05 |
| Bharti Hexacom Ltd. | 1538.30 |
| View more.. | |
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