Providence Equity part exits Idea Cellular, sells 3.47% stake in Indian telco for $209m

Providence Equity part exits Idea Cellular, sells 3.47% stake in Indian telco for $209m

Photo: Mint

Private equity firm Providence Equity Partners has decided to sell almost half of its stake in telecom operator Idea Cellular Ltd in a block trade for about $209 million (aboutRs.1,400 crore), said two people aware of the development.

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