Sunday, March 26 2017 Home arrow Main News arrow Merger of Idea Cellular with Vodafone India Ltd.
 
 
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Merger of Idea Cellular with Vodafone India Ltd. PDF Print E-mail

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Mumbai-Idea Cellular  approved the scheme of amalgamation of Vodafone India Limited and its wholly owned subsidiary Vodafone Mobile Services Limited with the company.Decision was taken in a meeting of  board of directors of Idea Cellular.The transaction is subject to necessary approvals from concerned authorities, including SEBI, Department of Telecom, RBI and others.Vodafone, Idea to have equal stakes in the merged entity over a period of time, said chiefs of both companies.Kumar Mangalam Birla to be Chairman of the merged company, Vodafone to appoint CFO.


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