Providence part exits India's Idea Cellular for $207m
Providence Equity has sold about 3.5% of its 6.8% stake in India’s Idea Cellular for INR13.8 billion ($206.6 million).
According to bulk trade data, the transaction entailed the sale of 125 million shares at a price of INR110.65 apiece, representing a 4.8% premium to the stock's latest valuation of around INR105.55. Morgan...
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