Mumbai, Sep 9 : Aditya Birla Group firm Idea Cellular said on Tuesday that its open offer for acquiring 20 per cent equity shares in the B K Modi-led firm Spice Communications will now be open from September 17.
Spice Communications informed the Bombay Stock Exchange that the schedule of the opening and closing of the open offer has been revised to September 17 and October 6 from earlier August 22 and September 11, respectively.
On June 30, Idea Cellular had announced the open offer for acquiring about 13.79 crore shares in Spice Communications at a price of Rs 77.30 per share. However, on August 14, the offer was deferred to a later date following a delay in approval for the sa me from the market regulator SEBI.
Shares of Spice Communications were trading at Rs 76, up 0.80 per cent in the afternoon trade, while shares of Idea Cellular were trading at 85.20, up 2.84 per cent on the BSE.
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