Tata, Birla buy Cingular stake in Idea for $300M

India's Tata Group and Birla Group agreed to buy Cingular's stake in Idea Cellular, India's fifth-largest wireless carrier, for $300 million. Once the deal is closed, Tata and Birla will each control half of Idea Cellular. The deal is now pending regulatory approval.

For more on Tata, Birla deal:
- go to this piece from Financial Express