IFLR1000

Idea Cellular Re32.5 billion share offer

12/2/2018
Private placement of shares, Share offer
Select tab

Re 32.5 billion

$ 500.565 million

Completed

12/2/2018

Overview:

  • Idea Cellular has raised Re32.5 billion through an offer of shares to Aditya Birla Group entities.
  • Following the issue, Aditya Birla owns 47.2% of the company. 
  • The shares were offered at a price of ₹99.50 per share.

Sam Duke

Jurisdiction:

India

Deal types:

Private placement of shares
Share offer

Practice area:

Capital markets : Equity

Industry sector:

Technology and telecommunications

Firm:
Khaitan & Co

Party: Aditya Birla Group (Acquirer)

Lawyers: Arindam Ghosh, Haigreve Khaitan, Sudhir Bassi, Vineet Shingal

Related deals