/ Idea Cellular trades in green on the BSE ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 28 June 2018

Idea Cellular is currently trading at Rs. 56.40, up by 0.80 points or 1.44% from its previous closing of Rs. 55.60 on the BSE.The scrip opened at Rs. 56.00 and has touched a high and low of Rs. 57.20 and Rs. 54.85 respectively. So far 547283 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.00 on 05-Jan-2018 and a 52 week low of Rs. 50.05 on 14-May-2018.Last one week high and low of the scrip stood at Rs. 60.95 and Rs. 54.50 respectively. The current market cap of the company is Rs. 24786.08 crore.

The promoters holding in the company stood at 42.56%, while Institutions and Non-Institutions held 38.37% and 19.07% respectively.Idea Cellular, which is in the last leg of completing its proposed merger with Vodafone India, has got shareholders’ approval to change the name of the company to Vodafone Idea. The change in the name will be effective from post completion of merger of Vodafone in the company.

The company is planning to raise funds worth Rs 15,000 crore through issue of non-convertible securities on private placement basis.Idea Cellular is an AV Birla group company and provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level.

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