Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
29 April, 2017 19:07 IST
Idea Cellular surges 10% on buzz of ATC completing buyout of tower biz
Source: IRIS | 15 Mar, 2017, 12.19PM
Comments  |  Post Comment

Idea Cellular, one of the leading telecom operators in India and a part of the Aditya Birla group, witnessed a sharp rise in share price on Wednesday  after reports stated that ATC was close to completing a buyout of the firm's tower business.

ATC's global management is in the country currently to finalise the transaction details, sources informed media. ATC and Idea are keen on closing the deal before the merger with Vodafone is finalized.

Shares of Idea Cellular (Q,N,C,F)* are trading at Rs 113.40, up Rs 10.35, or 10.04% at the Bombay Stock Exchange (BSE) on Wednesday at 12:10 p.m.

The scrip has touched an intra-day high of Rs 115.50 and low of Rs 103.00. The total volume of shares traded at the BSE is 4,068,774.

Total volume of shares traded on the bourses today was higher by 48.56% to 46,451,604 compared with 22-day average volume of 31,267,696.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Axis Bank falls after weak Q4 results - 27-Apr-2017 11:27
Somany Ceramics gains after starting production at unit - 27-Apr-2017 11:21
Petron Engineering zooms on bagging order worth Rs 1.10 bn - 27-Apr-2017 10:34
Nucleus Software surges as board approves share buyback - 26-Apr-2017 11:47
Wipro gains after good Q4 results - 26-Apr-2017 09:44
Mastek surges on strong Q4 results - 21-Apr-2017 09:54
Nalco plunges as Govt to offload stake via OFS - 19-Apr-2017 10:22
SPML Infra climbs on completing an important Irrigation Project in Gujarat - 19-Apr-2017 10:13
NBCC rises after good business in March 2017 - 19-Apr-2017 10:09
Puravankara climbs on inking MoU with CREDAI - 18-Apr-2017 11:10
Suzlon rises on commissioning 2 renewable projects of 50.40 MW each - 18-Apr-2017 10:54
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer