India Idea says always evaluates stake sale plans
Emirates Telecommunication Corp is considering different options in the Indian market.
September 20, 2010 12:51 by Reuters
Idea Cellular , India’s sixth-biggest mobile phone operator, said on Monday it continuously evaluates stake-sale proposals from time to time.
“As and when a definitive proposal is considered and approved by the company’s board, we shall forthwith comply with our disclosure obligations under the listing agreement,” the company said in a notice to the stock exchange, clarifying on media reports it was in talks to sell up to 26 percent stake
Emirates Telecommunication Corp is considering different options in the Indian market and did not rule out an investment in Idea Cellular, its international chief said earlier this month.
(Reporting by Devidutta Tripathy)
More on GCC
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
-
Dubai looking at alternatives to repay debt
-
Two more die in Saudi Arabia from SARS-like virus – WHO
-
Alwaleed’s Kingdom on the prowl
-
Qatar Airways now looks to Airbus
-
World’s Longest-Range Passenger Jet
-
Abu Dhabi says financial zone will bridge a gap
Lately on Kipp
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Tesco Clothing Brand Plans International Expansion
-
Here’s to Yahoo being ‘cool’ again
-
Kindi enters into strategic partnership with MadVillage
-
First UTM solution to deliver combined gateway, endpoint and cloud web protection
-
Saudi government websites targeted
