Idea Cellular has a bright one

Idea Cellular has announced it intends to raise €882 million of equity so it doesn’t have to sit at the kiddies table following the merger with Vodafone’s Indian business.
€425 million will be sold off to current shareholder Aditya Birla Group (ABG), increasing its stake in Idea from 42% to 47%, while the Idea board will explore other avenues to raise an additional €457 million. The cash, along with the proceeds from the sale of Vodafone’s and Idea’s standa