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| Exchange Disseminated Time | | With reference to the earlier communication dated February 02, 2015, pursuant to in-principle approval issued by the Reserve Bank of India (RBI), to Aditya Birla Nuvo Limited, a promoter and single largest shareholder of the Company i.e. Idea Cellular Limited, to set up Payments Bank, Idea Cellular Ltd has now informed BSE that the Company jointly with Aditya Birla Nuvo Limited has incorporated a company for the aforesaid purpose in the name and style of ‘Aditya Birla Idea Payments Bank Limited’, wherein the Company shall be holding upto 49% of the equity capital and balance 51% of the equity capital shall be held by Aditya Birla Nuvo Limited. |
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