Idea Cellular says planning to raise Rs 1,500 crore via NCD issue
Idea Cellular, the country’s third largest telecom operator by subscribers, Saturday informed the stock exchange that it is planning to raise Rs 1,500 crore by issuing Unsecured Redeemable Non-Convertible Debentures (“NCDs”) on private placement basis. With this issue, the company may be aiming to bring down its borrowing costs with bank loans still remaining costlier, according to media reports, which added that it may raise another Rs 1,000 crore in... Read More
