Idea Cellular Board Approves Merger With Vodafone India

Summary: 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.
Younews helps you discover trending news like this by analysing social media signals. You can read more at the Source or try Reader for a faster, cleaner experience. Do join our community of news buffs across India by leaving your comments and analysis below. Check out more recent trending news.
Source   Reader
Recent trending news picked up by Younews