Axiata Investments 2, the investment arm of Malaysian telco Axiata Group, has bought an extra 0.9% stake in Indian cellco Idea Cellular for Rs3.06bn (US$67m).
The company, formerly known as TMI India, acquired an additional 29.78 million shares at Rs103…
Axiata Investments 2, the investment arm of Malaysian telco Axiata Group, has bought an extra 0.9% stake in Indian cellco Idea Cellular for Rs3.06bn (US$67m).
The company, formerly known as TMI India, acquired an additional 29.78 million shares at Rs103 (US$2.2) each, bringing its interest in the mobile network operator to 5.91%, according to a notice with the Bombay Stock Exchange.
TMI Mauritius, another unit of Axiata, holds a 14.07% stake in Idea.
