Idea heading for steepest fall in over 1 year on spectrum debt

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Published: March 27, 2015 1:15:54 PM

India's Idea Cellular slumps as much as 8 pct...

India’s Idea Cellular slumps as much as 8 pct.

Heading towards biggest single-day fall since February 2014.

Idea’s total spectrum bid about 301 bln rupees.

Standalone net debt to jump by 70 pct to nearly 185 bln rupees after auction payouts – analysts.

Net debt to operating profit expected to increase from 1.1x to nearly 4x – analysts.

Also, Bharti Airtel falls 4.3 pct and Reliance Communications down 4.6 pct.

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