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Idea cellular strengthens on entering into tie-up with Flipkart

19 May 2017 Evaluate

Idea cellular is currently trading at Rs. 88.40, up by 1.45 points or 1.67% from its previous closing of Rs. 86.95 on the BSE.

The scrip opened at Rs. 88.25 and has touched a high and low of Rs. 89.00 and Rs. 87.00 respectively. So far 6,19,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 123.75 on 20-Mar-2017 and a 52 week low of Rs. 66.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 93.25 and Rs. 84.65 respectively. The current market cap of the company is Rs. 31,821.00 crore.

The promoters holding in the company stood at 42.41%, while Institutions and Non-Institutions held 33.80% and 23.79% respectively.

Idea cellular has entered into a tie-up with Flipkart whereby it will offer variety of 4G data plans for customers who buy smartphones from Flipkart platform. Idea prepaid customers upgrading to 4G smartphones can get special recharges of Rs 356 and Rs 191 offering huge data benefits. This is apart from getting discounted prices on select range of smartphones, special exchange offers, and cash back on Flipkart.

Idea customers who recharge with Rs 356 will get 30 GB 4G data with no daily data limit, and unlimited local and national voice calling on their new smartphone purchase from e-commerce portal. On Rs 191 recharge, Idea customers will get 10 GB of data with no daily limit.

These deals are available exclusively on Flipkart on a range of 4G smartphone models like Lenovo, Micromax, Motorola, and Panasonic, priced in the range of Rs 4,000 to Rs 25,000. The offers are also available for both existing as well as new Idea customers.

Idea Cellular is an AV Birla group company and provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level.


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