Shares of Idea Cellular soared nearly 6 per cent today after shareholders of the telecom operator approved the scheme relating to the merger of its mobile business with Vodafone India.
The stock jumped 5.91 per cent to end at Rs 78.90 on BSE. During the day, it soared 8 per cent to Rs 80.50.
At NSE, shares of the company zoomed 5.83 per cent to close at Rs 78.90.
The company's market valuation rose by Rs 1,593.6 crore to Rs 28,460.60 crore.
Earlier this year, Vodafone India and Idea Cellular had agreed to merge their operations to create the country's largest telecom operator worth of more than USD 23 billion with a 35 per cent market share.
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