Idea Cellular Board Approves Merger With Vodafone India


Bloomberg Quint reports:
Aditya Birla group's telecom arm Idea Cellular Ltd. approved the merger of Vodafone India Ltd. and Vodafone Mobile Services Ltd. with itself, in a deal that will create India's largest mobile services operator. Vodafone will hold 45.1 percent of the merged entity, while Idea's promoters will hold 26 percent, according to a filing to the stock exchanges.
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