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Providence to sell 3.33% holding in Idea Cellular

Providence to sell 3.33% holding in Idea Cellular

Tuesday, February 28, 2017, 12:24 PM

Private equity fund Providence, will sell its 3.33% holding in Idea Cellular for over Rs 1,267 crores, marking a complete exit from the Aditya Birla Group Company that is planning to merge with Vodafone. Stake will be sold on the exchanges today in a block deal in a price range of Rs 106.5 to Rs 114.55.
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