In one of its largest financing deals, Idea Cellular has taken a Rs 30 billion loan from an IDBI-led consortium of banks and financial institutions.

In one of its largest financing deals, Idea Cellular has taken a Rs 30 billion loan from an IDBI-led consortium of banks and financial institutions. To comply with the terms of the financing, Idea’s board of directors has approved an increase of Rs 5 billion in the company’s authorised equity share capital. Earlier this year, Idea had raised Rs 25 billion from an IPO.