Idea Cellular Reduces Debt by Raising Rs 3,250 Crore Through Preferential Allotment to Promoters
Idea Cellular today said that it had completed the allotment 326,633,165 equity shares to the Aditya Birla Group entities, at an issue price of Rs 99.50 per share (including premium of Rs 89.50 per share) aggregating to Rs 3,250 Crore. As a result of this preferential allotment, the aggregate shareholding of the Promoter Group in Idea has increased from 42.4% to 47.2%. This preferential allotment was subsequently approved by Idea’s... Read More
