Idea Cellular in talks to raise $1 bn From PV Firm

As on 31 March 2018, the promoter group of Idea Cellular held 42.56% in the company, shows stock exchange data.
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Aditya Birla Group is in talks with private equity firms to raise $1 billion (Rs 6,500 crore) through a stake sale in the promoter entities of telecom operator Idea Cellular Ltd, a financial daily reported.

According to the reports a part of the capital raised will be used to clear the regulatory dues. However, the stake sale will be structured in a way that would maintain the total shareholding of promoter entities in Ideal Cellular at the current levels.

As on 31 March 2018, the promoter group of Idea Cellular held 42.56% in the company, shows stock exchange data.

 
 
 
 
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