The National Company Law Tribunal (NCLT) has approved the merger of Vodafone India and Idea Cellular that is going to make the telecom operator the largest in the country.
According to news agency IANS, sources have said that the clearance came after the Department of Telecommunications (DoT) approved the merger last month.
Vodafone India and Aditya Birla Group-promoted Idea Cellular on March 20, 2017 announced their much-awaited amalgamation.
Aditya Birla Group Chairman Kumar Mangalam Birla will be the Non-Executive Chairman of the merged company, while the current Chief Operating Officer of Vodafone India, Balesh Sharma will become the Chief Executive.
Vodafone Idea is expected to have a subscriber base of over 400 million and become the country's largest telecom operator.
(IANS)
Law Tribunal Clears Merger, Vodafone Idea To Become Country's Largest Telecom Operator
Vodafone Idea is expected to have a subscriber base of over 400 million
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Law Tribunal Clears Merger, Vodafone Idea To Become Country's Largest Telecom Operator
Law Tribunal Clears Merger, Vodafone Idea To Become Country's Largest Telecom Operator
