Idea Cellular, an Aditya Birla Group Company, which is amongst the leading mobile operators in India, listed on the bourses today. It opened at Rs.85 on NSE and Rs.90 on BSE. Idea now has around 4,86,000 shareholders, with the Group’s Holding in excess of 57%. The Paid-up Share Capital is Rs.2592.86 crores.

At an elegant ceremony at the National Stock Exchange (NSE) on March 9th 2007, the listing of Idea happened. Ms. Chitra Ramkrishna, Deputy MD, NSE, Mr. Nimesh Kampani, Chairman, JM Morgan Stanley, Mr. Hemendra Kothari, Chairman, DSP Merrill Lynch, Mr. Sanjeev Aga, Managing Director, Idea Cellular Limited, Mr. G.P. Gupta, Director, Idea Cellular, Mrs. Rajashree Birla, Director, Idea Cellular and Mr. Anil Jhala, CFO, Idea, graced the occasion along with other Directors and seniors from the Aditya Birla Group.

Addressing this august audience, Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group and Chairman, Idea Cellular said:

“Today we celebrate an epochal moment in the life of IDEA Cellular. A moment that comes but once in the annals of a Company. We are delighted as this is also the first IPO by our Group in more than a decade. Today, we exult in the fulfillment of my father’s dream several years ago. In the 1990s, when we forayed into the telecom sector, inking a Joint Venture with AT&T, he envisioned a great Company in the making. A Company that would some day be on the bourses.”