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Idea to raise Rs 750 cr through preferential issue

Last Updated: Thursday, June 12, 2014, 13:59

Idea said the securities allotment committee of the board, at its meeting on June 10, has approved issuance of 5.18 crore shares at a price of Rs 144.68 per equity share to Axiata Investments 2 (India) Ltd.

Idea raises Rs 3,750 crore from QIP, preferential issue

Last Updated: Wednesday, June 11, 2014, 20:51

Country's third largest telco Idea Cellular Wednesday said it has raised total Rs 3,750 crore from its qualified institutional placement offering and preferential issue to existing shareholder Axiata as the firm creates a war chest for the spectrum auctions later this year.

Idea share sale of up to $506 million subscribed nearly three times: Sources

Last Updated: Friday, June 06, 2014, 14:20

The issue would be priced at Rs 134 per share, the sources said, declining to be named as the information is not public. Idea had set an indicative price band of 131-136.35 rupees for the sale.

Idea's Rs 3,000-cr QIP issue subscribed about three times

Last Updated: Thursday, June 05, 2014, 17:55

Shares of the company today closed 3.26 percent higher at Rs 140.80 apiece on the BSE.

Idea plans up to $500 million share sale today

Last Updated: Thursday, June 05, 2014, 10:25

Idea Cellular, India's third largest wireless services operator, plans to launch a share sale to raise as much as USD 500 million on Thursday.

Idea to raise Rs 3,000-3,750 cr through QIP issue

Last Updated: Tuesday, June 03, 2014, 21:21

Idea Cellular, India's third largest wireless services operator, plans to raise Rs 3,000- 3,750 crore this week by selling shares to institutional investors, bankers familiar with the development said.

Idea hikes monthly rentals by Rs 50

Last Updated: Sunday, June 01, 2014, 14:32

Idea's Chief Marketing Officer Sashi Shanker told that the company keeps changing its tariff/call rates and rentals. But he could not say whether the hike in the rentals is only for the Mumbai circle or across the circles.

Idea plans own 3G network in Delhi by Mar 2015

Last Updated: Tuesday, May 06, 2014, 19:02

Idea Cellular, the country's third largest telecom operator, will use its own network for offering 3G services in the lucrative Delhi circle from early next year.

Vodafone, Airtel, Idea resume 3G services in all circles

Last Updated: Monday, May 05, 2014, 20:51

Telecom operators Vodafone and Idea Cellular Monday said they will resume 3G services in circles where they don't have spectrum through intra-circle roaming (ICR) pacts with other operators.

Idea shares gain after quarterly earnings beat estimates

Last Updated: Tuesday, April 29, 2014, 10:06

Shares of Idea Cellular Ltd gain more than 2 percent in early trading on Tuesday after the wireless service provider posted better-than-expected quarterly earnings.

Idea to spend Rs 3,500 cr in networks; 3G in Delhi by 2015

Last Updated: Monday, April 28, 2014, 21:22

"The capex guidance for FY 2015 stands at Rs 35 billion, excluding any spectrum related payments," Idea Cellular said.

Idea Cellular Q4 net profit jumps 91% at Rs 589.77 cr

Last Updated: Monday, April 28, 2014, 18:34

The company had posted a profit after tax of Rs 308.18 crore for the same period a year ago.