 "Idea")
Idea Cellular hit a 52-week low of Rs 70, down 2% on the BSE, on concerns of delay in merger between the company and Vodafone India.
The stock of telecom services provider trading at its lowest level since January 20, 2017, has fallen 35% thus far in the current calendar year 2018. On comparison, the S&P BSE Sensex was up 1% during the period.
The telecom department (DoT) is waiting for Department of Industrial Policy and Promotion (DIPP) to give clearance for raising the foreign direct investment (FDI) limit in Idea Cellular to 100% before approving the merger
The stock of telecom services provider trading at its lowest level since January 20, 2017, has fallen 35% thus far in the current calendar year 2018. On comparison, the S&P BSE Sensex was up 1% during the period.
The telecom department (DoT) is waiting for Department of Industrial Policy and Promotion (DIPP) to give clearance for raising the foreign direct investment (FDI) limit in Idea Cellular to 100% before approving the merger
