Idea Cellular in third largest Indian ECM deal of 2014

Idea Cellular_230px
By Rev Hui
12 Jun 2014

Mobile network operator Idea Cellular raised Rp30bn ($507m) on June 6 in what was the third largest ECM trade in India so far this year.

As is typical with Indian trades, the issuer did not set out to sell a certain amount of shares. Instead, it targeted a deal size, which in Idea Cellular’s case was Rp30bn.

Final pricing came at Rp134.00 a share, which was slightly above the mid-point of the trade’s ...

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