NVB PLC sells Idea Cellular shares worth Rs 280 crore

Image
Press Trust of India New Delhi
Last Updated : Apr 17 2018 | 9:00 PM IST

NVB plc today sold nearly four crore shares of telecom operator Idea Cellular for Rs 280.57 crore through an open market transaction.

According to the bulk deal data available with BSE, NVB PLC disposed of 3.92 crore shares, amounting to 0.90 per cent stake in the telecom operator.

The shares were offloaded at a price of Rs 71.5 apiece, valuing the transaction at Rs 280.57 crore, the data showed.

The buyer(s) of the shares could not be ascertained immediately.

Idea Cellular stock ended at Rs 71.40, up 0.21 per cent from the previous close on BSE.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 17 2018 | 9:00 PM IST

Next Story