At meeting held on 10 June 2014
Idea Cellular announced that, pursuant to the resolution passed by the Board of Directors of the Company at their meeting held on 01 August 2013, the Securities Allotment Committee of the Board, at its meeting held on 10 June 2014, inter alia, has decided the following:Approved making of issuance of upto 5,18,38,540 Equity Shares of Rs 10 each for cash at a price of Rs 144.68 per equity share aggregating to approx Rs 750 crore, on a preferential basis to Axiata Investments 2 (India) (a wholly owned subsidiary of Axiata Group Berhad, Malaysia), subject to necessary approvals; and
Convening an Extra-ordinary General Meeting of the members of the Company on 10 July 2014 for approval of the aforesaid preferential issue.
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