Idea Cellular Update by Epic Research

Idea Cellular, the third largest Indian telecom wireless operator, has successfully closed its Qualified Institutions Placement (QIP) and has issued and allotted 22.39 crore equity shares of face value of Rs 10 each to qualified institutional buyers, at an issue price of Rs 134 per equity share including a premium of Rs 124 per equity share, aggregating to approximately Rs 3,000 crore.



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Posted in: Indian Market Tips