Idea Cellular rises nearly 2% on bourses 16/06/2014


Idea Cellular rises nearly 2% on bourses
16/06/2014 10:56
Shares of Idea Cellular rose nearly 2 per cent in early trade on Bombay Stock Exchange (BSE) after the Reserve Bank of India (RBI) announced that foreign institutional investors (FIIs) can now purchase up to 49% stake in telecom operator The shares of company rose as much as 1.30 per cent to trade at Rs 136.85 a piece on the BSE. In a similar fashion, shares of the company rose 1.55 per cent to Rs 137.40 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 25,167.67, down 60.50 points or 0.24 per cent at 10.53 hours.