New Delhi, June 25 : The Aditya Birla Group's Idea Cellular today announced that it would acquire a 40.8 per cent stake in its rival mobile operator Spice Communications, for over Rs 2,700 crore in shares and cash.

Besides, Idea and Telekom Malaysia would make an open offer to acquire a further 20 percent stake in Spice for over Rs1, 000 crore.

The Malaysian firm would get over 46.4 crore Idea shares on a preferential basis for about Rs 7,300 crore.

Idea would acquire 281,489,350 shares of Spice Communications, representing a 40.8 per cent stake, at a price of Rs 77.3 per share.

New Delhi, June 25 : India’s Ambassador to China, Nirupama Rao today said that her country plans to hold discussions with China on further ways to provide relief and reconstruction in the country's

New Delhi, June 25 : President Pratibha Patil today launched the E-pa

New Delhi, June 25 : Hours ahead of the United Progressive Alliance-Left Committee meeting to achieve a breakthrough in the impasse over the Indo-US Nuclear deal issue, Communist Party of India Gen

New Delhi,

New Delhi, June 25