Axiata Investments hikes stake in Idea

PTI Mumbai | Updated on November 17, 2017 Published on August 17, 2011

Private telecom service provider Idea Cellular today said Axiata Investments 2 (India) Ltd has hiked its stake in the company to 5.91 per cent by acquiring additional shares worth Rs 306.69 crore through open market transactions.

Axiata Investments has acquired 2,97,76,341 shares, or 0.9 per cent, of Idea Cellular at Rs 103 apiece, aggregating Rs 306.69 crore, the private telecom operator informed the Bombay Stock Exchange.

Prior to this, Axiata held a 5.01 per cent stake in the company. Shares of Idea Cellular were trading at Rs 92.35 on the BSE, down 0.11 per cent from their previous close.

Published on August 17, 2011
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