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Idea Cellular - Updates

Idea Cellular Ltd has informed BSE that:
“In compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 1997, please find below details of shares of SCL (Spice Communications Ltd) acquired on this date July 15, 2008 by Idea Cellular Ltd (”Idea” / “Acquirer”):
1) Mode of Acquisition : Open Market
2) No. of Shares Acquired : […]

Idea Cellular - Updates

Idea Cellular Ltd has informed BSE that:
“In compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 1997, please find below details of shares of SCL (Spice Communications Ltd) acquired on this date July 07, 2008 by Idea Cellular Ltd (”Idea” / “Acquirer”):
1) Mode of Acquisition : Open Market
2) No. of Shares Acquired : […]

Idea Cellular - Open Offer to the shareholders of Spice Communications

Lazard India Pvt Ltd (”Manager to the Offer”), on behalf of Idea Cellular Ltd (”Acquirer”) alongwith TMI India Ltd , TMI Mauritius Ltd, TM International Berhad and Green Acre Agro Services Pvt Ltd (”Persons Acting in Concert” or “PACs”) has issued this Public Announcement (”PA”) to the Equity Shareholders of Spice Communications Ltd (”Target Company”), […]

Idea Cellular - Revised Press Release

Idea Cellular Ltd had informed BSE regarding Outcome of the Board Meeting held on June 25, 2008. The Company has now informed BSE 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”.
Further the Company has […]

Idea Cellular - Providence Invests USD 640 million in Aditya Birla Telecom

Idea Cellular Ltd has informed BSE that the Board of Directors of the Company, on May 22, 2008, has taken note of the proposed issuance by Aditya Birla Telecom Ltd (”ABTL”) (a wholly owned subsidiary of Idea Cellular Ltd) of compulsorily convertible preference shares for an aggregate sum of USD 640 million, to be converted […]

Idea Cellular announces Q4 & FY 08 results

Idea Cellular Ltd has announced the following results for the quarter & year ended March 31, 2008:
The Unaudited results for the Quarter ended March 31, 2008
The Company has posted a net profit after tax of Rs 2782.00 million for the quarter ended March 31, 2008 as compared to Rs 1923.40 million for the quarter ended […]

Idea Cellular - Credit Rating

Idea Cellular Ltd has informed BSE that CARE has assigned a “CARE AA-” (Double A MINUS) rating to the long term banking facilities of the Company. This rating is applicable for facilities having tenure of more than one year.
Further, CARE has also assigned a “PR1+” (PR One Plus) rating to the short term facilities of […]

Idea Cellular - Limited Review for the quarter ended Dec 31, 2007

Idea Cellular Ltd has informed BSE that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:
“Attention is invited to note 4 of the statement. As detailed in the said note, pending the transfer of Telecom licenses of erstwhile Idea […]