A block deal was struck for 282.4 million shares of Spice Communications amounting to 40.9 per cent of equity, at Rs 74 each on BSE on Monday.
At 10:15 am, the Spice share was up 0.21 per cent at Rs 73.10, easing from a high of Rs 77.30 in early trade.
Last month, India's fifth-largest mobile operator Idea Cellular said it would buy 40.8 per cent stake in Spice for Rs 2,176 crore.
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