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Providence stake in Idea

Idea Cellular drops over 3% as Providence sells stake in the company

Idea Cellular drops over 3% as Providence sells stake in the company

Tue, Feb 28, 2017

Idea shares have surged nearly 47% since the two sides confirmed merger talks on January 30.

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Providence to sell 3.3% stake in Idea Cellular for $190 million

Providence to sell 3.3% stake in Idea Cellular for $190 million

Tue, Feb 28, 2017

The lower end of the range is a 7% discount to Idea`s closing price of 114.55 rupees on the National Stock Exchange.

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PE firm Providence to exit Idea Cellular; shares drop 4%

PE firm Providence to exit Idea Cellular; shares drop 4%

Mon, Feb 13, 2017

The development comes soon after Vodafone Group Plc confirmed they there in talks of merging its India operations with Idea Cellular. 

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