Idea Cellular, at its extraordinary general meeting held on January 30, has received approval from shareholders, for issue of shares through QIP and on preferential basis.

It has also associated with Karbonn for offering cashback on smartphones, in the range of Rs.1,000-2,000. The cashback will be in the form of talk-time in the customer’s main account.

Further, for the quarter ended December 31,2017, the company has posted a net loss of Rs.1,284 crore from Rs.1,106 crore posted during the corresponding quarter last year.

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