IDEA CELLULAR LTD. - Resignation of Director

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21 Oct 2014
Idea Cellular Ltd has informed BSE that Mr. Biswajit A. Subramanian, a Non-Executive Director, who was a nominee of P5 Asia Investments (Mauritius) Limited (P5 Asia), an entity of the Providence Equity group, a shareholder of the Company, has ceased to be a Director of the Company effective October 20, 2014, pursuant to acceptance of his resignation by the Board of Directors of the Company at its meeting held on October 20, 2014.<br/><br/>P5 Asia has been holding equity shares in the Company since 2006 and Mr. Subramanian was representing them on the Company's Board. Recently, P5 Asia had divested part of their holding in the Company. Consequently, Mr. Subramanian has submitted his resignation for acceptance by the Board, which the Board has accepted at its meeting held on October 20, 2014.
View all announcements for IDEA CELLULAR LTD.	Source: BSE India

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