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.
