ALLOTMENT OF SHARES IN IDEA CELLULAR LIMITED ON PREFERENTIAL BASIS
We refer to the notification by Idea Cellular Limited (“Idea”), an associate company of Axiata held through Axiata Investments 1 (India) Limited and Axiata Investments 2 (India) Limited on the allotment of 326,633,165 equity shares of face value of INR10/- each (“Idea Shares”) at an issue price of INR99.50 per Idea Share aggregating to INR32.5 billion on preferential basis to several entities (“Preferential Issuance of Idea Shares”) to the National Stock Exchange of India Limited dated 12 February 2018.
Following the non-participation by Axiata, Axiata wishes to announce that the allotment of Idea Shares under the Preferential Issuance of Idea Shares has resulted with a dilution of Axiata shareholding in Idea from 19.7% to 18.1%.
The purpose of this announcement is to provide the estimated financial impact resulting from the abovementioned dilution. Further details in the attached announcement.
This announcement is dated 13 January 2018.
Please refer attachment below.
|Company Name||AXIATA GROUP BERHAD|
|Date Announced||13 Feb 2018|
|Category||General Announcement for PLC|