Idea Cellular slips after co says will consider raising funds

Last Updated: Tue, Jan 02, 2018 12:11 hrs
Idea Cellular

Shares of Idea Cellular Ltd slip as much as 3 pct to 101.45 rupees.

Telecom carrier said on Monday it would consider raising funds via preferential allotment, qualified institutional placement or rights issue.

Analysts say there are concerns that the value of shares held by existing shareholders would be diluted due to fund raising.

Up to Monday's close, stock had risen 41.1 pct in past 12 months.

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