As per data bulk deal data available with the stock exchanges, the fund has purchased a total of 30,157,849 shares of the telecom player. The shares were bought on an average price of Rs 178, valuing the transaction at Rs 536.80 crore.
EuroPacific Growth Fund on Monday picked up over three crore shares of Idea Cellular for Rs 534 crore through an open market transaction.
As per data bulk deal data available with the stock exchanges, the fund has purchased a total of 30,157,849 shares of the telecom player. The shares were bought on an average price of Rs 178, valuing the transaction at Rs 536.80 crore.
Meanwhile, First Street Asia Pacific Fund has offloaded 2.13 crore shares of Idea Cellular for Rs 380.56 crore.
In September, EuroPacific Growth Fund had purchased 1.89 crore shares of Idea Cellular. Idea is the country's third largest telecom operator with 15.54 crore subscribers at the end of February.
It has a market share of 22.30 percent. The company, part of Aditya Birla Group, has a market value of Rs 62,313 crore. Idea Cellular stock settled at Rs 173.20, down 4.89 percent, on the BSE.
Idea Cellular stock price
On March 16, 2015, Idea Cellular closed at Rs 173.20, down Rs 8.9, or 4.89 percent. The 52-week high of the share was Rs 183.50 and the 52-week low was Rs 129.20.
The company's trailing 12-month (TTM) EPS was at Rs 6.88 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 25.17. The latest book value of the company is Rs 44.09 per share. At current value, the price-to-book value of the company is 3.93.
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