The board of directors of Idea Cellular at its meeting held on Sep. 10, 2007, decided to de-merge the tower infrastructure of the company into a wholly owned subsidiary.The demerger will be carried out according to the provisions of the companies act, subject to all regulatory approvals.
Brokerage houses in India has estimated that the tower business is probably worth USD 1-1.2 billion which works out to Rs 20 odd per share.
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment