Idea Cellular seeks NCLT nod over approval of merger with Vodafone

Vodafone-Idea

Latest News – Idea Cellular Ltd. on Monday filed an application before the National Company Law Tribunal’s (NCLT) Ahmedabad Bench, seeking approval for its merger with Vodafone India Ltd. and Vodafone Mobile Services Ltd.

The application was filed after Idea cellular received approvals from the Competition Commission of India on 24 July, and the Securities and Exchange Board of India (SEBI) on August 4, in accordance with the terms thereof.

Earlier in March, telecom majors Idea Cellular and Vodafone India Ltd. (VIL) announced the acceptance of their merger, with Kumar Mangalam Birla as the Chairman of the new entity. This is paving the way for five major players, namely – Vodafone-Idea, Bharti Airtel, RJio, RCom-Aircel-Sistema (Read More)

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