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Idea Cellular slips on reports of tax notice

Idea Cellular slips on reports of tax notice
Shares of the Idea Cellular slipped on reports that the Income Tax (IT) department has slapped a Rs 3,900-crore notice on company and its subsidiary, Aditya Birla Telecom.

This was issued over transfer of assets and licences between the two companies. Also the telecom department (DoT) on had asked Idea Cellular to stop offering 3G services beyond their licensed zone.

Shares of the company recovered morning loses and was seen trading at Rs 104, higher by 1.45% on BSE at 10.45 am IST. In early morning deals it slipped nearly 2%. It touched an intra-day low of Rs 101 during the trade.

Read more about: idea
Story first published: Monday, April 8, 2013, 10:49 [IST]
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