Indian mobile phone operator Idea Cellular Ltd plans to launch a share sale to raise as much as $500 million on Thursday to part fund its capital expenditure including a purchase of mobile radiowaves, three people involved in the deal said.
The Idea share offering is expected to be launched after the local market hours on Thursday, said the people. They declined to be named as they were not authorised to speak about the deal which is not yet public.
An Idea spokesman declined to comment.
Debevoise & Plimpton LLP won the Insurance Law Firm of the Year award at the ALB Hong Kong Law Awards 2024, apart from being the sponsor of the Insurance In-House Team of the Year award. Edwin Northover, Asia-based corporate partner and head of the firm’s financial institutions and corporate practices in Asia, talks about the firm's recent achievements, trends in the insurance industry, and future outlook for insurance law in Hong Kong.
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