Idea shareholders give nod for merging mobile biz with Vodafone India

Idea shareholders give nod for merging mobile biz with Vodafone India

Photo: Reuters

Shareholders of Idea Cellular Ltd have approved the company’s proposed merger of its mobile business with Vodafone India, according to a regulatory filing.

Over 99% of Idea shareholders voted in favour of the merger at the shareholders’ meeting on 12 October, Idea said on Friday. Both the companies have approached the National Company Law Tribunal (NCLT) seeking its nod. In the next step, they need a final approval from the department of telecom.

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