Idea-Spice deal 4th largest M&A in India

Agencies
Posted: Wednesday, Jun 25, 2008 at 1641 hrs IST
Updated: Wednesday, Jun 25, 2008 at 1641 hrs IST

Font Size

Feedback

Discuss

Tata DoCoMo launches per second roaming Vodafone seeks time till Jan for tax claim reply Airtel cuts mobile roaming rates by 60%

New Delhi, June 25: : 15 per cent stake in the merged entity. "Idea will make a preferential allotment to TMI of 464.73 million equity shares at a price of Rs 156.96 a share representing 14.99 per cent of Idea's equity capital post allotment," an Idea statement said.

In Spice Communications, TMI held 49 per cent which translated into a five per cent corresponding stake in the merged entity. When preferential offer would be complete, the stake of TMI in the merged entity would be 20 per cent.

Pointing out that following the Idea-Spice deal more such inward and outward transactions could materialise in the coming months, Agarwal said that Merrill Lynch expects to be part of such deals in the future. ...

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Latest News

Print Edition

Events

Idea-Spice deal 4th largest M&A in India

Post Comments