Idea Cellular has received a final approval for issuance of equity shares for an amount not exceeding Rs 3,500 crore, by way of Qualified Institutions Placement (QIP) to the eligible investors in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. The Board of Directors of the company at its meeting held on February 14, 2018, approved the same.
Idea Cellular is an AV Birla group company and provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level.
