Sanjeev Aga sells 5,000 shares in Idea for Rs 8.81 lakh

Tags: News
Idea Cellular today said one of its directors Sanjeev Aga has sold 5,000 shares in the company for Rs 8.81 lakh through market sale.

Aga holds 1.05 lakh shares comprising 0.003 per cent of the total share capital of the company, of which he sold 5,000 shares on November 29, the company said in a filing to the BSE.

The share sale took place on NSE and the company was intimated about it on December 3, 2013, the filing added.

Credited with launching Idea Cellular, Aga relinquished his position as the Managing Director of the company with effect from April 1, 2011. He continues as a director on the board of the company.

Himanshu Kapania took over as Managing Director replacing Aga.

Aga was appointed Managing Director of Idea Cellular for a period of five years effective from November 1, 2006.

The shares of the company closed at Rs 177.50 apiece, up 0.88 per cent from their previous close on BSE.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The budget is sound in logic; the market is too clever by half

    For a man derided by former finance minister P Chidambaram for his knowledge of economics as only sufficient to be scribbled on the back of a postage

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Why higher education needs innovation

India is such a great country that it creates complexity ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture