| Saturday, October 28, 2006 |
| ChrisCapital, TA Asso and CitiGroup pick 10% in Idea |
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Earlier last week we had reported that Providence Equity Partners had picked 16% stake in Aditya Birla Nuvo Limited promoted Idea Cellular Limited. ChrrysCapital, TA Associates Inc and Citigroup Inc together have picked up another 9% diluting Aditya Birla Group's stake in Idea from 98% to 73%. Other top shareholders in Idea Cellular Limited are:
Aditya Birla Nuvo Limited 35.7 %
Grasim Industries Limited 7.6%
Hindalco Industries Limited 10.1%
Also, Sanjeev Aga will head the Idea cellular as its MD from Nov-1. |
Published on Saturday, October 28, 2006 at 9:56 AM  |
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