Idea Cellular on track with Rp35bn QIP

India's Idea Cellular opened books for a qualified institutional placement of up to Rp35bn ($547.4m) after getting final approval for the deal from its board of directors on Wednesday.

  • By Jonathan Breen
  • 15 Feb 2018

With the help of global co-ordinators and bookrunning lead managers Bank of America Merrill Lynch and Citi, Idea began bookbuilding on Wednesday.

The Indian wireless operator has set the floor price for the transaction at Rp86.84 per share, with an option to offer a discount of up to ...

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Rank Arranger Share % by Volume
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5 Goldman Sachs 11,208.75 54 4.06%

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