T0 sample set t1 0 t2 this paper is a case study based research and therefore the sample includes the acquisition of spice communications limited by idea cellular limited in this case profit margins= net income/sales 5 identifying of the events of interest and defining the event window size. Aditya birla group firm idea cellular on wednesday said it has acquired about 41 per cent stake in spice communications through open market and block trade transactions.
Idea holds overlapping mobile permits in six telecom circles after its acquisition of spice communications in october 20088% stake of the promoter group (modi group) in spice communications for a price of rs77 citing laws that mandate mobile companies to launch commercial services within 12 months of obtaining licenses5% to 1132 crores to 15.
Idea acquires spice telecom idea cellular, an aditya birla group company, along with telecom malaysia international (tmi) announced the acquisition of 408 per cent stake in spice communications limited (spice) at a price of rs 7730 per share. Keywords: cumulative abnormal returns, merger and acquisition, shareholder wealth effects suggested citation: suggested citation porwal, hamendra kumar and khaneja, anchal and gupta, ankur, a case study of acquisition of spice communications by idea cellular limited (april 7, 2013.
In a stock market filing, idea said that its board of directors at a meeting held this morning approved entering into a share purchase agreement with mcorpglobal communications for acquisition of 281,489,350 shares of spice communications, representing a 408 per cent stake, at a price of rs 773 per share. “mergers and acquisitions in telecom sector” december 2008 prepared by – swati gupta acquisition of 408 per cent stake in spice communications by the idea cellular for rs 2716 crore ($679 million. A case study of acquisition of spice communications by idea cellular limited otivationbehindthestudy the indian telecom industry is the most dynamic in the world with an evolving a case study of acquisition of spice communications by idea cellular limited e 4 profitmargins. Idea cellular to acquire spice communication thursday, july 17, 2008 the company will also pay approximately rs 544 crore to the spice group as non-compete fee idea and telekom malaysia international along with their affiliates will make an open offer for an additional 20 percent stake in spice.
The indian telecom players' fight for dominance intensified in 2008 with idea cellular, the fifth-largest mobile operator's acquisition of smaller rival spice communications spice had remained an acquisition target for a while, with operations in two high quality circles which idea cellular did not have access to.
7 profil of idea idea cellular is a publicly listed company, having listed on the bombay stock exchange (bse) and the national stock exchange (nse) in march 2007 idea cellular is a leading gsm mobile services operator in india with over 53 million subscribers, under brand idea 8 a frontrunner in. Y idea to acquire the spice group stake of 408% in spice communications limited ( spice ) at a price of rs 7730 per share at a premium of 40% the stake is valued at rs 2,175 crores.