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Idea and Vodafone Groups are merger : Announcement For Vodafone CEO

Vodafone to possess 45.1% of the merged entity

Vodafone, the world's second-biggest cell phone administrator, will possess 45.1% of the merged entity, after it exchanges around 4.9% to promoters of Idea and additionally their affiliates for  38.74 billion rupees ($592.15m) in money, Idea said. 



Vodafone will won 45.1% of the merged entity, after it exchanges around 4.9% to promoters of Idea and additionally their associates for 38.74 billion rupees ($592.15 million) in real money.

Kumarmangalam Birla will be the Chairman of consolidated Vodafone-Idea substance and both the organizations will have parallel stakes in the blended element over a timeframe.

This point of interest blend will empower the Aditya Birla Group to make a superb advanced framework that will move the Indian populace towards a computerized way of life and make the Government's Digital India vision a reality," Aditya Birla Group Chairman Kumar Mangalam Birla said. 


Makes India's greatest telecom organization

The new substance will be the biggest telecom organization in India by income and endorsers, supplanting current numero uno Bharti Airtel.

Vodafone and Idea suspect that culmination will happen amid the 2018 .

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