Idea share sale of up to $506m subscribed nearly three times
Jun 06 2014 , Mumbai
The issue would be priced at 134 rupees per share, the sources said, declining to be named as the information is not public. Idea had set an indicative price band of 131-136.35 rupees for the sale, according to a termsheet seen by Reuters.
An Idea Cellular spokeswoman declined comment. By 2:19 p.m., Idea shares were trading 2.3 percent higher at 139.50 rupees.