33 per cent stake in Idea held by Cingular Wireless being sought by several companies

In a related development, shareholders of Idea Cellular are now reevaluating their options in the changed situation. The 33 per cent stake held by Cingular Wireless that was up for sale is being sought by many different parties, including the Essar Group and the Bharti Group. The Aditya Birla Group may reconsider exiting the telco, given the changed situation.