Idea Cellular turns volatile after board approves merger with Vodafone

idea, vodafone, merger

Latest News – Shares of Idea Cellular turned volatile after the company said its board has approved the scheme of amalgamation of Vodafone India and its wholly owned subsidiary Vodafone Mobile Services with the company.

The stock rallied 15% to Rs 124 in the early trade only to crack over 12% on the BSE as the session progressed.

At 10:26 am, the stock was down 12% to Rs 95 as compared to 0.45% decline in the S&P BSE Sensex.
Since January 27, 2017, Idea Cellular has zoomed 44% after Vodafone reportedly confirmed that it is in merger talks with Idea Cellular. The stock trading close to its 52-week high of Rs 128 touched on April 28, 2016 in intra-day trade.

Since January 27, 2017, Idea Cellular has zoomed 44% after Vodafone reportedly confirmed that it is in merger talks with Idea Cellular. The stock trading close to its (Read More)

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