Idea Cellular touched an intraday high of Rs 67.50 and an intraday low of Rs 66. At 13:47 hrs the share was quoting at Rs 66.80, up Rs 0.20, or 0.30%.
Axiata may sell Idea stake in three ranches. The threat of license cancellation, spice merger penalties are the prime reason for exit, quoting Sources, reports CNBC-TV18.
Axiata is likely to sell 5.01% in Idea in first tranche and seek to bring stake below 10% in second tranche. It may have discussed stake sale with AB Group. However, Birlas are against strategic stake sale by Axiata.
Axiata is holding 19.8% in Idea Cellular through TMI Mauritius and TMI India. Birla Group is holding 46.9% in Idea Cellular.
It was trading with volumes of 698,011 shares. In the previous trading session, the share closed down 0.22% or Rs 0.15 at Rs 66.60.
| Share Price Movement During The Last 12 Months | ||||
| Period | Price | Latest Price | Gain/Loss (Rs.) | % Gain/Loss |
| 3-Days | 66.75 | 66.80 | 0.05 | 0.07 |
| 5-Days | 65.70 | 66.80 | 1.10 | 1.67 |
| 7-Days | 65.30 | 66.80 | 1.50 | 2.30 |
| 15-Days | 67.55 | 66.80 | -0.75 | -1.11 |
| 1-Month | 60.65 | 66.80 | 6.15 | 10.14 |
| 3-Month | 68.80 | 66.80 | -2.00 | -2.91 |
| 6-Month | 72.50 | 66.80 | -5.70 | -7.86 |
| 9-Month | 65.90 | 66.80 | 0.90 | 1.37 |
| 1-Year | 66.60 | 66.80 | 0.20 | 0.30 |
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