Idea Cellular plans to raise 1000 crore through issuance of non-convertible debentures on private placement basis.

The company is proposing to issue secured redeemable non-convertible debentures amounting to 1000 crore on private placement basis. The debentures, having tenure of seven years, will carry a coupon rate of 8.12 percent per annum and are secured against movable fixed assets excluding spectrum/telecom licenses, passive telecom infrastructure, and employee assets up to 250 crore.


 

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