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Spice communications to merge with Idea Cellular
Posted on: March 9th 2010 in Market News.
Idea Cellular Ltd (Idea) together with its associate namely Green Acres Agro Services Pvt Ltd, currently holds 49.90% equity in Spice Communications Ltd (Spice). The other major shareholder in Spice is TMI India Ltd which holds around 49.0% equity. The balance around 1.1% is held by publi…
Motilal Oswal neutral on Idea Cellular
Posted on: March 31st 2009 in Brokerage Recommendations.
Motilal Oswal has maintained its neutral rating on Idea Cellular in its March 26, 2009 research report. “Idea is highly leveraged to mobile RPM movements given lower margins (PAT margin of 8% v/s 22-25% for Bharti and RCOM) and no significant non-wireless business. …
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