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Idea Cellular raises Rs 1500 crore via NCDs

04 Sep 2018 Evaluate

Idea Cellular has raised funds worth Rs 1500 crore on private placement basis. The Securities Allotment Committee at their meeting held September 03, 2018, has allotted 15,000 Unsecured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each.

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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