 "Idea Cellular zooms over 40% in two days as Vodafone confirms merger talks")
Idea Cellular has moved higher by 15% to Rs 113, extending its previous day’s over 25% rally on the BSE after Vodafone on Monday said it is in talks to merge its unlisted Indian subsidiary with Idea. CLICK HERE TO READ FULL REPORT
Idea Cellular said the company constantly evaluates various opportunities for enhancing the stakeholders’ value. As a part of the exercise, the company has been in preliminary discussions with Vodafone.
The fundamental premise of preliminary discussions is based on equal rights between the Aditya Birla Group and Vodafone in the combined entity, it added.
Idea Cellular said the company constantly evaluates various opportunities for enhancing the stakeholders’ value. As a part of the exercise, the company has been in preliminary discussions with Vodafone.
The fundamental premise of preliminary discussions is based on equal rights between the Aditya Birla Group and Vodafone in the combined entity, it added.
