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Axiata hikes Idea stake to 5.91%
TT Correspondent |  |  18 Aug 2011

Private telecom service provider Idea Cellular today said Axiata Investments 2 (India) Ltd has hiked its stake in the company to 5.91 per cent by acquiring additional shares worth Rs 306.69 crore through open market transactions.

Axiata Investments 2 (India) Ltd has acquired 2,97,76,341 shares, or 0.9 per cent, of Idea Cellular at Rs 103 apiece, aggregating to Rs 306.69 crore, the private telecom operator informed the Bombay Stock Exchange.

Axiata Investments 2 (India) Ltd now holds a 5.91 per cent stake in Idea Cellular. Prior to this, it held a 5.01 per cent in the company.

Shares of Idea Cellular were trading at Rs 92.35 on the BSE, down 0.11 per cent from their previous close.

    
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18 Aug 2011(IST)  
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