Axiata plans to raise its stake in Idea Cellular, once given the go-ahead by the Aditya Birla Group.
Axiata’s stake in Idea Cellular is capped at 20.11 per cent. It recently bought 29.78 million shares in the open market.
It is believed that Axiata may consider exiting Idea, if its stake remains capped at the same level and if it achieves reasonable returns on its investment in seven years.
