Idea Cellular Ltd allots 223880597 Equity Shares to QIBs

The Securities Allotment Committee of the Board of Directors of Idea Cellular Ltd has, at its meeting held on June 11, 2014, has issued and allotted 223,880,597 Equity Shares of face value of Rs. 10/- each to eligible QIBs at a price of Rs. 134/- per Equity Share, including a premium of Rs. 124/- per Equity Share, aggregating approximately to Rs. 30,000 million under the SEBI Regulations and Section 42 of the Companies Act, 2013 and the rules made thereunder. The Company has submitted to BSE a copy of resolution for allotment of the Equity Shares pursuant to the Issue.

Post the said allotment, the paid-up equity share capital of the Company stands increased to Rs. 35,439,445,020 comprising of 3,543,944,502 equity shares of Rs.10/- each.

Shares of IDEA CELLULAR LTD. was last trading in BSE at Rs.143.6 as compared to the previous close of Rs. 145.25. The total number of shares traded during the day was 1317608 in over 26109 trades.

The stock hit an intraday high of Rs. 148.55 and intraday low of 142.3. The net turnover during the day was Rs. 191563925.

Source : Equity Bulls

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