At issue price of Rs 144.68 per share, aggregating Rs 750 crore
Idea Cellular announced that the Securities Allotment Committee of the Board of Directors of the Company has, at its meeting held on 24 July 2014, issued and allotted 51,838,540 Equity Shares of face value of Rs. 10/- each to Axiata Investments 2 (India) at an issue price of Rs. 144.68 per Equity Share, including a premium of Rs. 134.68 per Equity Share, aggregating approximately to Rs. 750 crore, on a preferential basis, under the SEBI Regulations and Section 42 of the Companies Act, 2013 and the rules made thereunder.The Shareholders of the Company had approved the allotment vide special resolution passed at the Extra-ordinary General Meeting held on 10 July 2014.
Further the Company has informed that, post the said allotment, the paid-up equity share capital of the Company stands increased to Rs. 3595.89 crore comprising of 3,595,898,418 equity shares of Rs. 10/- each, fully paid-up.
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