Kumar Mangalam Birla plans to reorganise his telecom infrastructure and towers businessIdea Cellular owns 100 per cent of its 11,000 captive towers via a wholly owned arm Idea Cellular Infrastructure Services Limited (ICISL).
05 Oct, 2016, 07.09 AM IST
Providence may grab Idea’s offer to exit Aditya Birla TelecomIdea Cellular is believed to have offered Rs 4,000 crore to buy out Providence’s 16% stake in its subsidiary Aditya Birla Telecom.
09 Mar, 2016, 04.00 AM IST
US PE firm Providence to offload stake in Idea Cellular; mulls to sell 5% indirect holding in Indus TowersUS PE firm Providence is looking to sell its 5% indirect holding in Indus Towers by offloading its stake in Idea Cellular, people familiar ...
17 Apr, 2015, 04.00 AM IST
Aditya Birla Telecom gets 2,400 crore tax demandDuring 2009-10, all the assets and liabilities of the telecom company were transferred to Idea, without any apparent consideration, the dep...
19 Feb, 2014, 10.18 AM IST
Rs 2400 crore tax woes mount for AV Birla GroupThe income tax appellate authority has ruled against a plea filed by ABTL which had challenged a Rs 2400 cr tax demand issued earlier by th...
14 Jan, 2014, 01.30 AM IST
High Court stays Rs 1500-crore tax demand on Idea CellularBombay HC stayed Rs 1,500-crore tax demand on Idea Cellular raised in 2010-11 relating to transfer of some assets by the company to ABTL.
13 Sep, 2013, 05.33 AM IST
Aditya Birla Group challenges Rs 3900 crore tax billThe Group has hit back at the authorities attempts to tax a demerger struck in 2009, wherein ABTL transferred its licences to Idea Cellular.
23 Apr, 2013, 10.05 PM IST
Aditya Birla cos, Idea and its arm asked to pay Rs 3,900 cr in taxAditya Birla group companies—Idea Cellular and Aditya Birla Telecom — have been asked to pay Rs 3,900 crore in taxes.
06 Apr, 2013, 05.52 AM IST
I-T department slaps Rs 3900 crore tax order on A V Birla Group companiesThe I-T dept has treated the transfer of licenses, assets & liabilities from ABTL to Idea Cellular as a slump sale on which capital gains a...
06 Apr, 2013, 12.28 AM IST
- Birlas to now recast telecom biz
Aditya Birla Telecom (ABTL), a subsidiary of Idea Cellular, will soon demerge the licence for Bihar & Jharkhand circle and merge it with th...
22 Oct, 2009, 12.30 AM IST
- Essar seen selling Indus Towers stake
The Ruias-owned Essar group is considering monetizing its holding in Indus Towers, the world's largest telecom tower company.
08 May, 2009, 01.08 AM IST
- CLSA maintains 'outperformer' on Idea Cellular
CLSA has maintained its ‘outperformer’ rating on Idea, with price a target of Rs 53, as it feels the company’s stronger balance sheet would...
21 Feb, 2009, 12.48 AM IST
- Expansion helps Idea post 8% rise in net to Rs 256 cr
Idea Cellular, India’s fifth-largest operator, has reported 71% quarter-on-quarter rise in net profit to Rs 256 crore as it expanded to new...
23 Jan, 2009, 01.10 AM IST
- India Inc made PE deals worth over $10 bn in 2008: Thornton
Fall in the capital market mirrored itself in the corporate India's private equity transactions, which registered a 23 per cent decline dur...
22 Jan, 2009, 04.40 PM IST
- FIPB clears Aditya Birla telecom's foreign equity proposal
The Foreign Investment Promotion Board today cleared the Aditya Birla Telecom's proposal to infuse foreign equity amounting to $640 million...
26 Aug, 2008, 10.15 PM IST
- Aditya Birla Telecom’s FDI plan held up
Aditya Birla Telecom’s (ABTL) plan to infuse foreign equity has run into trouble with the Foreign Investment Promotion Board (FIPB).
12 Aug, 2008, 04.20 AM IST
- Providence in PE deal with Idea co for $640 mn
US-based Providence Equity Partners has invested $640 mn for a 20% stake in Aditya Birla Telecom, a wholly-owned subsidiary of Idea. Hot Ha...
23 May, 2008, 06.30 AM IST