You are here: Home » PTI Stories » National » News
Business Standard

Vodafone, Idea name circle heads for merged entity

Press Trust of India  |  New Delhi 

India and Cellular have announced appointment of nine executives each from their teams as circle heads for the merged entity, which is proposed to operate as Limited, industry sources said.

The announcement is learnt to have been made by Kumar Mangalam Birla, the chairman of the proposed entity, in an internal communication to employees.

According to the source, from team members -- will head and circle, - Mumbai, Sanjay David- Odisha, Puneet and Telangana.

circle will be headed MD Prasad, and by Rajesh Naik, and by Monishi Ghosh.

Jammu and Kashmir, and will be headed by Sudhir Pradhan, and by Sanjeev Govil, present at Idea.

India is proposed to take charge of cirlce , Abhijeet Kishore for Gujarat, Murali S for and Chennai, for Karnataka, Shivan Bhargava for Kolkata and rest of Bengal, Nidhi Lauria for and North East, to continue as

Vodafone's Nipun Sharma is proposed to take charge of UP East and of UP West.

Email query sent to Idea and Vodafone elicited no reply.

According to the source, the designate Circle Business Leaders will coordinate with the designate and the designates to plan appropriately the details and timing of their induction in the circles, where they are proposed to be appointed post merger.

The on Monday approved raising the foreign direct investment limit in the company to 100 per cent, putting its merger deal with Vodafone in the last leg of regulatory clearance.

Vodafone will own 45.1 per cent in the combined entity, while will have 26 per cent and Idea shareholders 28.9 per cent.

The merged entity will be known as 'Vodafone Idea Ltd'. It will be the country's largest telecom operator with around 430 million subscribers from Day 1.

Both the companies have already announced top leadership team who will run the merged entity.

as the Chairman and Balesh Sharma as the new of proposed firm

Idea Cellular's will of the new entity as its Ambrish Jain (currently the deputy MD at Idea Cellular) is set to become the new

The intends to nominate (currently MD) as non-executive of the merged entity with a significant assignment in the group post-merger.

(CEO) will join the AMAP (Africa, and Asia Pacific) Leadership team and also help governance through Board memberships, Idea filing said.

Manish Dawar, who was recently roped in as the of Vodafone India, will get the overall responsibility for integration planning, governance and execution at the merged entity.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 08 2018. 19:45 IST
RECOMMENDED FOR YOU