Diabytes
Idea Vodafone merger News
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In the next step, both the companies need a final approval from the Department of Telecom.
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The company's market valuation rose by Rs 1,593.6 crore to Rs 28,460.60 crore.
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The deal gives Vodafone India an implied enterprise value of Rs 82,800 crore and Idea Rs 72,200 crore.
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Vodafone ended month old speculation on a possible merger with Idea Cellular and confirmed on Monday that the company is in talks with the Aditya Vikram Birla group for an all share merger.
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