Aditya Birla Group on Friday said that Vodafone India and IdeaNSE -1.00 % Cellular have completed the merger to create the countey's largest telecom company with 408 million active subscribers and a revenue market share of 32.2%.
“We wish to inform you that pursuant to filing of the NCLT orders with the relevant Registrars of Companies on 31st August, 2018, the Scheme has become effective on even date and the merger of VMSL (Vodafone Mobile services Ltd)and VIL (Vodafone India Ltd) with the Company has been completed,” said Idea Cellular in a regulatory filing on Friday.
Idea shares were up 0.5% at Rs50.10 on the BSE Friday in late trade.
“We wish to inform you that pursuant to filing of the NCLT orders with the relevant Registrars of Companies on 31st August, 2018, the Scheme has become effective on even date and the merger of VMSL (Vodafone Mobile services Ltd)and VIL (Vodafone India Ltd) with the Company has been completed,” said Idea Cellular in a regulatory filing on Friday.
Idea shares were up 0.5% at Rs50.10 on the BSE Friday in late trade.
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