The board of Idea Cellular will meet on Thursday to consider a fund-raising proposal. The board may consider a preferential allotment, qualified institutional placement, rights issue or such other route in the best interests of the company. Shareholders will keep an eye on the quantum and mode of issue. The telecom major, which is in the final stage of getting approvals on its merger with Vodafone India, is betting big on its expansion plans and its 4G coverage.
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.