MoneyWorks4Me

NVB sells 0.9% stake in Idea Cellular

18 Apr 2018 Evaluate

NVB Plc has sold 3.92 crore shares of Idea Cellular for Rs 280.57 crore i.e. 0.90% stake through an open market transaction on April 17, 2018. NVB Plc has offloaded these shares at a price of Rs 71.5 per share.

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

Peers
Company Name CMP
Bharti Airtel 1837.00
Vodafone Idea 14.29
Indus Towers 375.55
Tata Communications 1798.65
Railtel Corp. India 252.55
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