Shares of Aditya Birla group's telecom company Idea Cellular gained nearly 14% on Friday after the\u00a0company\u00a0presented a plan to raise up to Rs 6,750 crore\u00a0on Thursday\u00a0which is inclusive of\u00a0Rs 3,250 crore preferential allotment of equity shares. Idea Cellular\u00a0on Thursday\u00a0said\u00a0that\u00a0group is\u00a0mulling to\u00a0raise\u00a0up to Rs\u00a06,750 crore which will alter the shareholding pattern of the company and have a bearing on its merger agreement with Vodafone. The board of directors of Idea Cellular approved an issuance of 32.66 crore equity shares of face value Rs 10 at a price of Rs 99.5 on a preferential basis to the promoter group entities\u00a0and constituted a committee to evaluate potential\u00a0routes for raising further capital of up to Rs 3,500 crore. Following the development, the stock of Idea Cellular jumped as much as 13.73% to the day's high of Rs 118.9 on NSE. Earlier yesterday, Idea Cellular shares surged 3% after the board of directors\u00a0approved the plan to raise Rs 3,250 crore by selling shares on a preferential basis. Following a two-day surge in the share prices of Idea Cellular, the market capitalisation of the company has moved to Rs 42,568.49 crore from Rs 36,994.90 as on Wednesday.\u00a0The trading volumes in the shares of Idea Cellular\u00a0soared very quickly, as at 10:25 am, more than 4.2 crore shares exchanged hands on both NSE and BSE with about 3.8 crore shares on NSE alone.\u00a0The board of directors of Idea Cellular approved an issuance of 32.66 crore equity shares on a preferential basis to the promoter group entities Birla TMT Holdings Pvt Ltd, Elaine Investments Pte Ltd, Oriana Investments Pte Ltd, Surya Kiran Investments Pte Ltd. The total money mobilised through the preferential allotment would be Rs 3,250 crore. \u201cThe Aditya Birla Group remains committed towards the telecom business. The group is in the process of creating a large digital infrastructure and to contribute significantly towards the fulfilment of the \u2018Digital India\u2019 vision of the Hon\u2019ble Prime Minister. At a time when the telecom industry is going through a challenging environment, this equity infusion by the group in Idea is another step towards reinforcing the group\u2019s commitment,\u201d Idea Cellular said in an exchange filing quoting Kumar Mangalam Birla, Chairman. The equity issue is subject to shareholders and other regulatory approvals. The extraordinary general meeting of shareholders is to be convened on 30 January 2018. The issue is expected to complete by early February 2018 post which the shareholding pattern of the promoter group in Idea Cellular will increase to 47.2% from existing level of 42.4%. Meanwhile,\u00a0Sensex and Nifty opened higher on\u00a0Friday as most of the Asian shares\u00a0ticked up to record highs in the early trade following the lifetime high closing on Wall Street overnight. The Dow Jones Industrial Average breached the psychological 25,000 mark for the first time.\u00a0BSE Sensex\u00a0gained 51.63 points to begin at 34,021.27 and NSE Nifty added 29.45 points to open at 10,534.25.\u00a0Shares of Birla group telecom company Idea Cellular extended\u00a0the gains\u00a0on the back of\u00a0fundraising plans. Within minutes of opening up, the benchmark\u00a0indices\u00a0Sensex and Nifty moved\u00a0ahead in quick successions nearing their respective record highs.\u00a0Sensex\u00a0jumped 205.57 points to the record high of 34,175.21 and NSE Nifty added 58 points to mark a high of 10,562.8 for the first time.