Idea Cellular has received an approval for increase in the aggregate investment limit of Foreign Institutional Investors (FIIs) from 24% to 49% of the paid-up equity capital of the company. The board of directors at its meeting held has approved for the same subject to approval of the shareholders.
Further to the above, an Extraordinary General Meeting of the members of the company has been convened on December 26, 2013, for obtaining approval of the members for the proposed increase in the aggregate investment limit of FIIs from 24% to 49% of the paid-up equity capital of the company.
Idea Cellular, an AV Birla group company, provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level, it is present in all 22 telecom circles.
Further to the above, an Extraordinary General Meeting of the members of the company has been convened on December 26, 2013, for obtaining approval of the members for the proposed increase in the aggregate investment limit of FIIs from 24% to 49% of the paid-up equity capital of the company.
Idea Cellular, an AV Birla group company, provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level, it is present in all 22 telecom circles.
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