Idea Cellular, a private telecom service provider has marked Axiata Investments 2 (India) hiking its stake in the company to 5.91 percent by acquiring additional shares worth Rs 306.69 crore through open market transactions. Axiata Investments 2 (India) has acquired 2,97,76,341 shares, or 0.9 percent, of Idea Cellular and it now holds a 5.91 percent stake in Idea Cellular. Prior to this acquisition, it held a 5.01 percent in the company.
Recently, Idea Cellular had added 13.50 lakh mobile subscribers in June, data from an industry body showed. Following the said addition, the company’s total subscriber count stood at 9.51 crore. However, Telenor's India unit added 9.40 lakh users, boosting its total to 2.63 crore.
Besides, Bharti Airtel, India’s top mobile carrier had added 21.20 lakh mobile subscribers in June. Following the said addition, the company’s total subscriber count stood at 16.92 crore while Vodafone's India unit, which is the country's third-biggest mobile carrier, signed up 20.90 lakh mobile subscribers in June to have a total of about 14.15 crore, as per the Cellular Operators Association of India.
