Idea Cellular Vodafone India Merger

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October 3rd, 2017 4:33 PM 19 COMMENTS

Vodafone India and Idea Cellular Merger Will be Completed by March 2018: Report

Telecom operators Vodafone India and Idea Cellular announced a merger earlier this year due to the cutthroat competition in the Indian market. Back then, both the companies admitted that the merger will be completed in six quarters. Today, a new report cites that the merger deal is expected to be completed by March 2018, as all regulatory approvals are likely to be achieved by then. A report from PTI says... Read More

August 8th, 2017 3:01 PM 3 COMMENTS

Idea Cellular-Vodafone India Receives Conditional Approval from SEBI: Report

Idea Cellular and Vodafone India's $23 billion worth merger has now received conditional approval from the Securities and Exchange Board of India (Sebi). The merger will be subject to the regulator's ongoing probe and approvals from public shareholders and the National Company Law Tribunal (NCLT). A report from Economic Times says that SEBI stated that all its conditions must be placed before the NCLT while seeking for the latter's approval.... Read More

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