Stocks

Idea Cellular allots shares to Axiata Investments

| Updated on November 25, 2017 Published on July 24, 2014

The securities allotment committee of the board of directors of Idea Cellular on Thursday allotted 5.183 crore equity shares of face value of ₹10 each to Axiata Investments 2 (India) Ltd at an issue price of ₹144.68 a share on a preferential basis. The allotment aggregates around ₹750 crore, the company said in a statement to the BSE. Shares of Idea Cellular closed a ₹151.45, up 1.8 per cent over the previous day's close.

Published on July 24, 2014
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