Stocks

Idea Cellular opens ₹3,000-cr QIP issue

Our Bureau | Updated on March 12, 2018 Published on June 05, 2014

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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.

Published on June 05, 2014
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