Tuesday, February 22, 2011

Idea Cellular got Fined Rs. 300 Cr. ,Could come to End

Idea Cellular may lose overlapping mobile permits in six regions and could end up paying a fine of Rs 300 crore if the telecom department accepts the recommendations of a top law officer of the government. 


Additional Solicitor General Amarjit Singh Chandhiok said in his legal opinion dated February 15 that Idea violated laws by holding more than 10% stake in two mobile companies operating in the same regions. 


refer : http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/idea-faces-fine-may-lose-permits-stock-down-6/articleshow/7545137.cms

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