Comments
Idea Cellular is seeking shareholders’ approval to raise upto ₹10,000 crore through non-convertible debentures , on a private placement basis, in one or more tranches.
The Aditya Birla Group company intends to raise the amount in the next one year from the date of approval, which is the company’s 20th Annual General Meeting (AGM). The operator has also sought shareholders’ approval for the re-appointment of Himanshu Kapania as Managing Director for another five years from April 1, 2016, Idea said in the AGM notice.
The company will also seek approval to transact ordinary business, such as declaring of dividend for FY 2015, and to appoint directors.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.