6blideaCol.eps
Shares of Idea Cellular will remain active following opening of the ₹3,000-crore QIP issue. The securities allotment committee of Idea’s board of directors on Thursday fixed June 5 as the relevant date for the qualified institutional placement issue. The committee has fixed the floor price at ₹136.98 a share. Reports suggest that Idea Cellular, one of India’s largest wireless services operators, seeks to shore up its finances ahead of the spectrum auctions later this year.
More Like This
Published on June 5, 2014
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.