Idea Cellular Ltd has informed that the Board of Directors of the Company at its meeting held on October 20, 2008, inter alia, has decided / granted in-principle approval to de-merge the UAS Licenses of Punjab and Karnataka circles to an eligible transferee through a court approved scheme of de-merger / reconstruction under section 391 to 394 of the Companies Act, 1956, so as to derive value from the demerger of the said licenses and for the said purpose has delegated powers to a committee of Directors / Officials to take all necessary steps, including finalizing of the Scheme and filing the same with Stock Exchange / court of law.
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