Idea on NSE list

The National Stock Exchange said on Thursday that it would start futures and options trading in the shares of Idea Cellular Ltd. From March 9.The Shares of Idea will also list on March 9.

The company listed with a 14.7 per cent premium at Rs86.05 over its issue price on the Bombay Stock Exchange (BSE).The Company will invest $2 billion in the next two years to fund its expansion plans.

On other side, The Telecom Regulatory Authority of India (TRAI) has disallowed certain discriminatory tariffs implemented by Idea Cellular Ltd. (ICL) IN Delhi. These tariffs involved higher differential cal charges in respect of calls terminated in BSNL/MTNL networks viz-a-viz private GSM networks. The TRAI has asked Idea to discontinue the discriminatory tariff by applying the same lower call charges in respect of calls terminated in BSNL/MTNL networks.

Source: Reuters & Hindustan Times
Compiled By: Saurav Chakraborty

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