Vodafone Idea share news, announcements and annual reports
NSE: IDEABSE: 532822Telecom - ServicesLarge Cap
Vodafone Idea Limited · Formerly Idea Cellular · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Mar 2007
Last close ₹11.86down ₹0.25 (2.06%)BSE ₹11.88
Share price at the NSE close on 28 Oct 2026. Previous close ₹12.11.
28 Oct: open ₹12.07, high ₹12.17, low ₹11.82
52-week range of traded prices to 28 Oct 2026
₹8.13Low, 2 Apr 2026₹15.79High, 9 Sep 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,28,495 Cr83rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 3.44
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹60,218 crore of one-off items, the largest of them in the quarter to Mar 2026.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- Net worth zero or below
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business.
- Net worth zero or below
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- −2.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- Net worth zero or below
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 29,23,20,19625.1% delivered
Vodafone Idea share news and announcements
1,318 announcements, routine notices left out, newest first. Page 25 of 27.
May 2009
28 May · Meeting
An Extra-Ordinary General Meeting of the members of the Company has been convened on June 25, 2009 for obtaining approval of the shareholders to the proposed alteration in the Articles of Association of the Company. Further, the Company has submitted to the Exchange a copy of the notice of the said meeting. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.15 May · Business
Hon'ble High Court of Gujarat at Ahmedabad has issued directions for convening shareholders and Creditors meetings on July 13, 2009 and July 14, 2009 respectively for approval/consideration of following Schemes of Amalgamation/ Arrangement:(1)Scheme of Amalgamation of Spice Communication Limited with the Company(2)Scheme of Arrangement for De-merger of Overlapping Licenses in respect of Punjab and Karnataka service areas.
Apr 2009
23 Apr · Utilisation of Funds
Vide notes to Accounts in the Unudited Financial Results for the quarter ended March 31, 2009 (taken on record by the Board of Directors of the Company at its meeting held on April 23, 2009), that: Out of the proceeds of Rs.729,448 lacs received from Preferential Issue of equity to TMI Mauritius Limited during August 2008, Rs.158,029 lacs has been utilised during the current quarter (Rs. 622,301 lacs year to date) towards the specified objects of the issue. The unutilised balance of Rs. 107,147 lacs as on March 31, 2009 is lying in deposits with banks and mutual funds.23 Apr · Business
Media release with respect to the Un-audited Results for the fourth quarter ended March 31, 2009. A copy of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.23 Apr · Limited Review Report
Auditor's have conducted the limited review of the Unaudited financial results for the quarter ended March 31, 2009. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.23 Apr · Results
Consolidated Results for the quarter ended on 31-MAR-2009 as follows: Net Sales of Rs. 292398 lacs for quarter ending on 31-MAR-2009 against Rs. 272856 lacs for the quarter ending on 31-DEC-2008. Net Profit / (Loss) of Rs. 27426 lacs for the quarter ending on 31-MAR-2009 against Rs. 21945 lacs for the quarter ending on 31-DEC-2008.23 Apr · Results
Standalone Results for the quarter ended on 31-MAR-2009 as follows: Net Sales of Rs. 282105 lacs for quarter ending on 31-MAR-2009 against Rs. 260447 lacs for the quarter ending on 31-DEC-2008. Net Profit / (Loss) of Rs. 30428 lacs for the quarter ending on 31-MAR-2009 against Rs. 28401 lacs for the quarter ending on 31-DEC-2008.22 Apr · Business
Hon'ble High Court of Gujarat at Ahmedabad has issued directions for convening Shareholders and Creditors meeting on June 25, 2009 and June 26, 2009 respectively for approval / consideration of the a) Scheme of Arrangement for Financial Restructuring seeking to adjust amount of non compete fee against balance in Securities Premium Account. b) Scheme of Arrangement for De-merger of Passive Infrastructure in respect of nine service areas to a wholly owned subsidiary.13 Apr · Board meeting
Inter alia to consider and take on record the Un-audited Financial Results for the fourth quarter and Financial Year ended March 31, 2009.
Feb 2009
13 Feb · Disclosure
Idea Cellular Limited has informed the the Exchange vide its letter dated February 12, 2009, that in accordance with Regulation 8A (4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2009, the promoters and the persons forming part of promoters group of the Company have informed the Company, that they have not pledged any of the their shareholding in the Company as on date.4 Feb · Limited Review Report
Auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31,2008.A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.2 Feb · Business
Media release dated February 02, 2009 that : "Idea Cellular has received queries from media about relationship between B K Modi's Spice group and Spice Communications Limited. Idea Cellular would like to clarify that idea had acquired B K Modi Group's stake in Spice Communications Limited in Jul' 08. Hence, Spice Communications Limited has no relation with B K Modi led Spice group and is not in any way involved with any initiative relating to Satyam."
Jan 2009
30 Jan · News Verification
News Verification : The media had reports that Idea Cellular Limited and Spice Communication may merge. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Idea Cellular Limited has vide its letter inter-alia stated," Idea Cellular Limited (Idea) together with its associate namely Green Acres Agro Services Pvt. Ltd., currently holds 49.9% equity in Spice Communications Limited (Spice). The other major shareholder in Spice is TMI India Limited which holds around 49.0% equity. The balance around 1.1% is held by public. This shareholding is post the open offer formalities under the SEBI Takeover code completed in the month of October, 2008 full disclosures regarding which were made from time to time under various legal requirements to the Exchange. Through a communication dated 25th June, 2008, Spice has, interalia, communicated to the Exchange that it is proposed to merge Spice with Idea with a swap ratio of 49 shares of Idea for every 100 shares in Spice."22 Jan · Utilisation of Funds
Vide notes to Accounts in the Unudited Financial Results for the quarter ended December 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on January 22, 2009), that: Out of the proceeds received from Preferential Issue to TMI Mauritius Limited during August 2008, Rs.2,84,183 lacs has been utilised during the current quarter towards the specified objects of the issue. The unutilized balance of Rs. 2,65,176 lacs as on December 31, 2008 is lying in deposits with banks and mutual funds.22 Jan · Updates
Following: "Idea Cellular Limited : Q3 Results". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.22 Jan · Results
Standalone Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 260447 lacs for quarter ending on 31-DEC-2008 against Rs. 229617 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 28401 lacs for the quarter ending on 31-DEC-2008 against Rs. 15039 lacs for the quarter ending on 30-SEP-2008.22 Jan · Results
Consolidated Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 272856 lacs for quarter ending on 31-DEC-2008 against Rs. 229920 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 21945 lacs for the quarter ending on 31-DEC-2008 against Rs. 14407 lacs for the quarter ending on 30-SEP-2008.13 Jan · Board meeting
Meeting on 22 Jan 2009: “Unaudited Financial Results for the qtr ended Dec 31, 2008”
Dec 2008
8 Dec · Updates
WPC Wing of the Department of Telecommunications (DoT) has on December 5, 2008 allotted 4.4 MHz Spectrum in 1800 MHz band in respect of Kolkata Metro Service Area.
Oct 2008
27 Oct · Meeting
Proceedings of the Annual General Meeting of the shareholders of the Company held on September 29, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.20 Oct · Utilisation of Funds
Vide notes to Accounts in the Unudited Financial Results for the quarter ended September 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on October 20, 2008) regarding the status of utilisation of IPO proceeds and Green Shoe amounts up to September 30, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.20 Oct · Management
Board of Directors at its meeting held on October 20, 2008, has appointed the following persons as Directors on the Board of the Company: (1) Mr. R.C. Bhargava- Independent Director (Additional Director). (2) Mr. P. Murari- Independent Director (Additional Director). (3) Dr. Hans Wijayasuriya-Non Executive Director (Nominee of TM International Bhd).20 Oct · Business
Media release dated October 20, 2008, titled "Idea Cellular Limited : First Half Consolidated Results; Revenue Rs 44,818 mn (Up 47.3%), EBITDA Rs 13,271 mn (Up 29.3%), PAT Rs.4,072 mn (Down 23.0%)". A copy of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.20 Oct · Business
Board of Directors of the Company at their just concluded meeting i.e. October 20, 2008 has inter alia, decided / granted in-principle approval to de-merge the UAS Licenses of Punjab and Karnataka circles to an eligible transferee through a court approved scheme of de-merger / reconstruction under sections 391 to 394 of the Companies Act, 1956, so as to derive value from the demerger of the said licenses and for the said purpose has delegated powers to a committee of Directors / officials to take all necessary steps, including finalizing of the Scheme and filing the same with stock exchanges / court of law.20 Oct · Results
Standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 446935 lacs for half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 41992 lacs for the half year ending on 30-SEP-2008.20 Oct · Results
Standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 229617 lacs for quarter ending on 30-SEP-2008 against Rs. 217318 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 15039 lacs for the quarter ending on 30-SEP-2008 against Rs. 26953 lacs for the quarter ending on 30-JUN-2008.20 Oct · Results
Consolidated Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 447266 lacs for half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 40716 lacs for the half year ending on 30-SEP-2008.20 Oct · Results
Consolidated Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 229920 lacs for quarter ending on 30-SEP-2008 against Rs. 217346 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 14407 lacs for the quarter ending on 30-SEP-2008 against Rs. 26309 lacs for the quarter ending on 30-JUN-2008.7 Oct · Board meeting
Inter alia to consider and take on record the Un-audited Financial Results for the second quarter and half year ended September 30, 2008.3 Oct · Management
Mr. M. R. Prasanna, a Director on the Board of the Company has resigned with effect from October 01, 2008.1 Oct · Updates
Shareholders of the Company at the Annual General Meeting held on September 29, 2008, have unanimously approved all the agenda items contained in the Notice, convening the Annual General Meeting. A copy of the Notice of Annual General Meeting of the company held on September 29, 2008 shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Aug 2008
28 Aug · Meeting
Proceedings of the Extraordinary General Meeting of the members of the Company held on July 30, 2008. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.28 Aug · Meeting
Register of Members and Transfer Books of the Company will remain closed from September 19, 2008 to September 29, 2008 (both days inclusive) for the purpose of the Annual General Meeting scheduled to be held on September 29, 2008.13 Aug · Business
Pursuant to your in-principle approval for issue of 464,734,670 equity shares of Idea Cellular Limited (Company) to TMI Mauritius Ltd on a preferential basis, the share issuance committee of the Board of Directors of the Company has today (August 13, 2008) completed allotment of all the 464,734,670 equity shares of Rs.10/- each at a price of Rs.156.96 per share on preferential basis against receipt of an aggregate amount of Rs.72,944,753,803.20 representing the full subscription monies for these shares.
Jul 2008
31 Jul · Meeting
Idea Cellular Limited had informed the Exchange that the shareholders of the Company at the Extra-Ordinary General Meeting held on July 30, 2008 have overwhelmingly approved the following- (1) Issue and allotment of 464,734,670 Equity Shares of Rs.10/- each for cash at a price of Rs.146.96 on Preferential basis. The Company has now informed the Exchange that: "Kindly read the Para as follows:- (1) Issue and allotment of 464,734,670 Equity Shares of Rs.10/- each for cash at a price of Rs.156.96 (including premium of Rs.146.96) on Preferential basis".31 Jul · Meeting
Shareholders of the Company at the Extra-Ordinary General Meeting held on July 30, 2008 have overwhelmingly approved the following- (1) Issue and allotment of 464,734,670 Equity Shares of Rs.10/- each for cash at a price of Rs.146.96 on Preferential basis and (2) Deployment of un-utilised portion of the money raised through Initial Public Offering (IPO) towards purposes in addition to those mentioned in the Prospectus for the IPO.24 Jul · Utilisation of Funds
Vide notes to Accounts in the Unudited Financial Results for the quarter ended June 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on July 24, 2008) regarding the status of utilisation of IPO proceeds and Green Shoe amounts up to June 30, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.24 Jul · Grant of Stock Options
Vide its letter dated July 24, 2008 that : "The ESOS Compensation Committee of the Company has today resolved to grant 61,31,250 Stock options to the Eligible Employees (including the Managing Director) of the Company and its subsidiaries, under the "Employee Stock option Scheme-2006"(ESOS-2006), each option being convertible into one Equity Share of the Company upon vesting, at an exercise price of Rs. 84.03 per share. Subject to the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and the terms of the ESOS - 2006, the options will vest in 4 equal annual installments after one year of the grant and shall be exercisable within a period of 5 years from the date of vesting".24 Jul · Business
Media release dated July 24, 2008, titled "Idea Cellelar Limited : Consolidated Q1 results; Revenues Rs 21,781 mn, EBITDA Rs 7,203 mn, PAT Rs. 2,631 mn; Idea announces un-audited results for Q1 ended June 30, 2008". A copy of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.24 Jul · Limited Review Report
Auditor's have conducted the limited review of the Unaudited financial results for the quarter ended June 30, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.24 Jul · Results
Consolidated Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 217346 lacs for quarter ending on 30-JUN-2008 against Rs. 147729 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 26309 lacs for the quarter ending on 30-JUN-2008 against Rs. 30852 lacs for the quarter ending on 30-JUN-2007.24 Jul · Results
Standalone Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 217318 lacs for quarter ending on 30-JUN-2008 against Rs. 90864 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 26953 lacs for the quarter ending on 30-JUN-2008 against Rs. 19331 lacs for the quarter ending on 30-JUN-2007.17 Jul · Updates
In compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 1997, please find below details of shares of SCL (Spice Communications Limited) acquired on this date July 15, 2008 by Idea Cellular Limited ("Idea" / "Acquirer"): 1) Mode of Acquisition : Open Market; 2) No. of Shares Acquired : 37 Equity Shares; 3) Average Market Price : Rs. 74.05 per share; 4) Total Percentage : Negligible. We confirm that no shares have been acquired at a price over the open offer price of Rs. 77.30 per share. Please note that the acquisition of these shares has not been completed and the shares are held in separate escrow accounts. Under the terms of the escrow agreement and in compliance with Regulation 23(6), these shares will be released to the Acquirer only once the Acquirer has fulfilled all its obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 199715 Jul · Board meeting
Meeting on 24 Jul 2008: “Unaudited Financial Results for the Qtr ended June 30, 2008”9 Jul · Updates
In compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 1997, please find below details of shares of SCL (Spice Communications Limited) acquired on this date July 7, 2008 by Idea Cellular Limited ("Idea" / "Acquirer"): 1) Mode of Acquisition : Open Market; 2) No. of Shares Acquired : 20,00,000 Equity Shares; 3) Average Market Price : Rs. 74.81 per share; 4) Total Percentage : 0.29%. 1) Mode of Acquisition : Block Trade; 2) No. of Shares Acquired : 281,489,313 Equity Shares; 3) Average Market Price : Rs. 77.30 per share; 4) Total Percentage : 40.80%. We confirm that no shares have been acquired at a price over the open offer price of Rs. 77.30 per share. Please note that the acquisition of these shares has not been completed and the shares are held in separate escrow accounts. Under the terms of the escrow agreement and in compliance with Regulation 23(6), these shares will be released to the Acquirer only once the Acquirer has fulfilled all its obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 19977 Jul · Meeting
Notice of the Extraordinary General Meeting of the members of the Company to be held on July 30, 2008. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jun 2008
25 Jun · Business
Idea Cellular Limited had informed the Exchange regarding outcome of the board meeting held on June 25, 2008. The Company has now informed the Exchange that the words "Telekom Malaysia" appearing in sr. no. 4, line 2 &3 of the aforesaid outcome of the board meeting, should be read as "TM International Berhad". The Company has further submitted to the Exchange a copy of the revised press release dated June 25, 2008, titled "Idea Cellular and TM International to acquire Spice Group stake in Spice Communications and merge Spice with Idea". A copy of the revised press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.25 Jun · Business
Vide its letter dated June 25, 2008, that: "The Board of Directors in its meeting just concluded has considered and approved the following: 1) Entering Into a Share Purchase Agreement with Mcorpglobal Communications Pvt. Ltd. for acquisition of 281,489,350 equity shares of Rs. 10/- each of Spice Communications Ltd. ("Spice") representing 40.8% of the total paid up equity capital of Spice at an acquisition price of Rs. 77.30 per equity share. 2) Entering into a Non Compete Agreement with Mcorpglobal Communications Pvt. Ltd. in connection with obtaining of certain non compete covenants from Mcorpglobal Communications Pvt. Ltd, its affiliates and promoters and entities controlled by them for an aggregate consideration of approximately Rs. 543.97 crore. 3) Making an Open Offer to public shareholders of Spice in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, with the Company being the "Acquirer" and TM International, Berhad along with its two subsidiary companies namely i) TMI India Limited & ii) TMI Mauritius Limited and Green Acres Agro Services Private Limited (an Aditya Birla Group Company) as 'Person Acting in Concert'. 4) Making a preferential allotment of 464,734,670 Equity Shares of Rs. 10/- each of the Company at a price of Rs. 156.96 per equity share to one or more wholly owned subsidiaries of Telekom Malaysia, subject to approval of its shareholders. 5) Merger of Spice with the Company based on a exchange ratio of 49 equity shares of the Company for every 100 equity shares of Spice subject to all necessary approvals, including from Department of Telecommunications (DoT)". Further, the Company has submitted to the Exchange a copy of the release in this regard, dated June 25, 2008, titled "Idea Cellular and Telekom Malaysia International to acquire Spice Group stake in Spice Communications and merge Spice with Idea". A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.13 Jun · News Verification
News Verification : The media had reports that Telecom Malaysia may pick up additional 15% stake in the company. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Idea Cellular Limited has vide its letter inter-alia stated, "We wish to submit that the Company keeps pursuing growth opportunities and as and when any definitive proposal of any nature is considered and approved by the Company's Board, we shall forthwith comply with our disclosure obligations under the listing agreement."
May 2008
22 May · Release
Vide its letter dated May 22, 2008 that "The Board of Directors of Idea Cellular Limited has today taken note of the proposed issuance by Aditya Birla Telecom Limited ("ABTL") (a wholly owned subsidiary of Idea Cellular Limited) of compulsorily convertible preference shares for an aggregate sum of USD 640 million, to be converted into 20% of equity share capital of ABTL post dilution, to an affiliate of Providence Equity Partners, and has approved the transaction documents for this purpose. The aforementioned investment is subject to the receipt of regulatory approvals, including the approval of the FIPB". In this regard Company has submitted a copy of release dated May 22, 2008, titled "Providence Invests USD 640 million in Aditya Birla Telecom; Idea Subsidiary Strongly Positioned for Growth". A copy of the release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.