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Idea Cellular Ltd Announces Issue And Allotment Of Secured Redeemable Non-Convertible Debentures

Wednesday, 31 Oct 2012 10:13am EDT 

Idea Cellular Ltd announced that a Committee of Directors of the Company at its meeting held on October 31, 2012, has allotted 1,000 Secured Redeemable Non Convertible Debentures of face value of INR10,000,000 each, for cash, at par, aggregating to INR10 billion(INR1,000 Crore) to the eligible investors, at a coupon rate of 9.45% p.a., on private placement basis, issued by the Company in accordance with SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and other relevant laws. The aforesaid Debentures are proposed to be listed on the Wholesale Debt Market segment of National Stock Exchange of India Limited.