Telenor Asia acquires 7.0pc more in Unitech Wireless
Thursday, 11 February 2010
MUMBAI, Feb 10 (Business Standard): Unitech Limited today received Rs 20 billion from Telenor Asia for acquisition of further 7.15 per cent stake in Unitech Wireless by way of issuance of fresh shares.
In a filing to the Bombay Stock Exchange the accompany said after taking the existing investment of Rs 41 billion made by Telenor, its total investment in Unitech Wireless amounts to Rs 61 billion. With this, total shareholding of Telenor in the issued and paid-up equity share capital of Unitech Wireless will increase from 60.1 per cent to 67.25 per cent.
At BSE, the company's shares were trading at Rs 73.60 up 3.59 per cent from its previous close.
In a filing to the Bombay Stock Exchange the accompany said after taking the existing investment of Rs 41 billion made by Telenor, its total investment in Unitech Wireless amounts to Rs 61 billion. With this, total shareholding of Telenor in the issued and paid-up equity share capital of Unitech Wireless will increase from 60.1 per cent to 67.25 per cent.
At BSE, the company's shares were trading at Rs 73.60 up 3.59 per cent from its previous close.