Mumbai, Feb 24 : Idea Cellular a AV Birla group company and provides Global System for Mobile communications (GSM)-based
wireless service at the pan-India level said that company has successfully closed a Qualified Institutions Placement (QIP) to
raise Rs 3,500 crore.
The company has issued and allotted about 42.42 crore equity shares to qualified institutional buyers at an issue price of Rs 82.
50 per equity share (including a premium of Rs 72.50 a share), amounting to about Rs 3,500 crore.
(UNI)
