Approves Issue price of Rs 82.50 per share (including premium of Rs 72.50 per share)
Idea Cellular announced that the Capital Raising Committee has at its meeting held on 21 February 2018 approved the following resolution -Approved the closure of QIP issue on 21 February 2018.
Determined and approved the issue price of Rs 82.50 per equity share for issuance of 424,242,424 equity shares aggregating approximately to Rs 3500 crore to be allotted to qualified institutional buyers.
Approved and adopted the placement document dated 21 February 2018 in connection with the QIP.
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