Why are Idea shares falling after Vodafone merger announcement?

Why are Idea shares falling after Vodafone merger announcement?

Photo: Reuters

Investors had high hopes from the merger between Idea Cellular Ltd and Vodafone India Ltd. The former’s shares raced from an average of around Rs72.5 per share just before the two companies announced they were in merger talks, to as high as Rs120 within a month.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter