Idea Cellular Ltd announces proposal to issue Unsecured Redeemable Non-Convertible Debentures

Idea Cellular Ltd is proposing to issue Unsecured Redeemable Non-Convertible Debentures ("NCDs") amounting to Rs. 1,500 crores on private placement basis.

The tenure of the NCDs will be 5 years. The coupon / interest offered is 7.57% per annum.

The NCDs are proposed to be listed on the National Stock Exchange of India Limited. The schedule of payment of principal amount is December 13, 2021.

Shares of IDEA CELLULAR LTD. was last trading in BSE at Rs.76.8 as compared to the previous close of Rs. 76.4. The total number of shares traded during the day was 294393 in over 15821 trades.

The stock hit an intraday high of Rs. 77.3 and intraday low of 75.85. The net turnover during the day was Rs. 22570609.

Source : Equity Bulls

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