Idea Cellular and Vodafone India Secures Merger Approval from DoT On Conditional Basis
The mega-merger of Vodafone India and Idea Cellular has finally received approval from the Department of Telecommunications (DoT), although conditionally. DoT, which was earlier said to be seeking bank guarantee from Vodafone India has asked the merged entity to deposit an amount of Rs 3,911 crores and also asked to submit a bank guarantee of Rs 2,153 crores for the merger. Earlier, the merger approval from DoT was said to... Read More