Idea says Vodafone India merger is expected to be completed by 2018. Aditya Birla Group will have the right to buy 9.5 percent stake in the combined entity at Rs 130 per share.
Vodafone will sell shares in the combined company to equalise its shareholding with Aditya Birla Group.
Equity benchmarks opened lower on profit booking Monday after a 2.5 percent rally seen last week. Idea Cellular rallied nearly 15 percent in early trade following announcement of its merger with Vodafone India.
For more information Call us ✆ +91 7400-734000 or Visit Dollar Advisory
Vodafone will sell shares in the combined company to equalise its shareholding with Aditya Birla Group.
Equity benchmarks opened lower on profit booking Monday after a 2.5 percent rally seen last week. Idea Cellular rallied nearly 15 percent in early trade following announcement of its merger with Vodafone India.
For more information Call us ✆ +91 7400-734000 or Visit Dollar Advisory
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