With effect from 20 October 2014
Idea Cellular announced that Biswajit A. Subramanian, a Non-Executive Director, who was a nominee of P5 Asia Investments (Mauritius) (P5 Asia), an entity of the Providence Equity group, a shareholder of the Company, has ceased to be a Director of the Company effective 20 October 2014, pursuant to acceptance of his resignation by the Board of Directors of the Company at its meeting held on 20 October 2014.P5 Asia has been holding equity shares in the Company since 2006 and Subramanian was representing them on the Company's Board. Recently, P5 Asia had divested part of their holding in the Company. Consequently, Subramanian has submitted his resignation for acceptance by the Board, which the Board has accepted at its meeting held on 20 October 2014.
Powered by Capital Market - Live News
