AV Birla post-IPO holding in Idea likely to be 51 per cent
11 Apr 2006
The AV Birla groups has bought out the Tata group's 48.15 per cent stake in Idea Cellular for Rs4,407 crore (See: Aditya Birla Nuvo to acquire 15 per cent additional stake in Idea Cellular). This brings to an end the acrimonious battle between the two groups in the recent months over their holdings in Idea Cellular. The Tata group would now focus on its CDMA business under Tata Teleservices.