Idea Cellular, part of the Aditya Birla group, is all set to buy 40.8 per cent stake in Spice Communications for about Rs 2,176 crore at a price of Rs 77.30 per share. Besides, Idea will also pay Rs 544 crore to the Spice group as non-compete fee, taking the total deal size to about Rs 2,700 crore.

Later, Idea will make a preferential allotment of 464 million shares to Malayasian telecom company, TM International (TMI), which at present holds about 39 per cent stake in Spice, at a price of Rs 156.96 per share. This represents 14.99 per cent of Idea’’s equity capital post-allotment.

Birla Corporation Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from July 16, 2008 to July 30, 2008 (both days inclusive) for the purpose of payment of dividend and Annual General Meeting (AGM) of the Company.

TTK Healthcare Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from August 19, 2008 to August 27, 2008 (both days inclusive) for the purpose of payment of dividend & 50th Annual General Meeting (AGM) of the Company to be held on August 27, 2008.

EIH Associated Hotels Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from August 05, 2008 to August 20, 2008 (both days inclusive) for the purpose of payment of dividend & 25th Annual General Meeting (AGM) of the Company to be held on August 20, 2008.