While the investor community is busy figuring out if telecom companies can hold their own against Reliance Jio, one promoter is putting his money where his mouth is. Aditya Birla group chairman Kumar Mangalam Birla through Pilani Investment and Industries Corporation just bought about 6.3 million shares at an average price of Rs.71 this week.
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Aditya Birla group’s investment company picks up 6.3 million shares of Idea Cellular from the open market
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