Ax­i­ata to max­imise Idea re­turn

New Straits Times - - Business -


Group Bhd will en­sure that its in­vest­ment po­si­tion in In­di­a­based Idea Cel­lu­lar Ltd (Idea) is max­imised in terms of value and liq­uid­ity. The group said this in ref­er­ence to the an­nounce­ment made by Idea, which is its 19.8 per cent as­so­ciate com­pany of Ax­i­ata, on its pro­posed merger with Voda­fone In­dia Ltd and its wholly owned sub­sidiary Voda­fone Mo­bile Ser­vices Ltd. “Ax­i­ata’s next course of ac­tion, if any, will be based on the out­come of a com­pre­hen­sive anal­y­sis based on the prin­ci­ples above, which will max­imise the ben­e­fits to the share­hold­ers of Ax­i­ata,” it said.

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