Aditya Birla Group in talks to raise $1 billion for Idea Cellular

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The Aditya Birla Group is in talks with buyout firms to sell stakes in promoter entities that control Idea Cellular Ltd to raise more than $1 billion, part of which will be used to pay down regulatory dues of the telecom operator ahead of a merger with Vodafone India Ltd, two people directly aware of the development said.
Read more at Hindustan Times.

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