Idea Cell Ltd.

completed

The proposed investment involves an equity investment of up to INR 3,893 million in common shares of the company, through a Qualified Institutional Placement (“QIP”) process. The proceeds will be used for meeting business requirements including payment towards spectrum that may be auctioned by Department of Telecommunications (DoT) in future and for general corporate purpose (hereafter referred to as the “project”). ICL is the third largest wireless operator in India with a revenue market share of 16 % and has the 7th largest subscriber base amongst the mobile telecommunications company in the world (based on operations in a single country). The company’s network currently extends across all 22 of India’s telecommunications services areas. ICL is publicly listed and is part of the Aditya Birla Group. The Aditya Birla Group is a conglomerate with operations in more than 30 countries and a history of over 50 years of businesses in different sectors including, among others, mobile telecommunications, metals and mining, cement, carbon black, textiles, garments, chemicals, fertilizers, life insurance and financial services industries