Quotes with Resistance & Support
Market Information
Providence eyes exit from Idea
This article was posted on Jul 11, 2011 and is filed under Market News
The PE player holds 9.99% stake valued at Rs 2,687 crore.
US-based private equity (PE) player Providence Equity Partners is considering an exit from Idea Cellular, the flagship telecom company owned by the Aditya Birla Group. Providence holds 9.99 per cent in Idea Cellular. The stake is valued at Rs 2,687 crore at Friday’s closing price of the stock.
Providence had bought 15 per cent in Idea Cellular in 2006 for around Rs 1,800 crore through its investment arm — P5 Asia Investment (Mauritius). It diluted the remaining 5.01 per cent over the next 5 years. If Providence implements its plan, it will be one of the largest open market exits by any PE fund in India. For more visit: Business Standard
Similar Posts:
Latest Query
Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
- by Sam
- by Sam
Status: Awaiting reply
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
