MBA Case Study on Idea and Vodafone Merger Saga.
Page 3 Terms of Merger As a first step, AB Group will acquire 4.9 per cent from Vodafone for Rs 3,874 crore, or Rs 108 a share, to take its stake to 26 per cent, with Vodafone holding 45.1 per cent. the company will have the right to buy another 9.5 per cent (at Rs 130 a share or the prevailing market price, depending on the time of purchase) in the combined entity over four years from the.
To enable this, Vodafone will need to sell a 4.9 percent stake to Idea upon the completion of the merger for Rs 3,900 crore in cash. Idea’s other existing shareholders will continue holding the.
Following the completion of their planned merger, Vodafone India and Idea Cellular plan to adopt a new name and brand identity for the combined entity. The revamped brand name may be introduced.
Idea Cellular slumped another five per cent on Tuesday to Rs 93 on the National Stock Exchange (NSE), a day after it lost 10 per cent following a union announcement with Vodafone’s India business, to create the country’s largest telecom company.By comparison, NSE's Nifty50 index ended flat at 9,121. A compilation of how brokerages and research houses read the deal’s fine print.
Vodafone confirms that it is in discussions with the Aditya Birla group about an all-share merger of Vodafone India (excluding Vodafone's 42 per cent stake in Indus Towers) and Idea, Vodafone said.
Idea-Vodafone merger: The decision comes months after the launch of Reliance Jio Infocomm threw the mobile industry into turmoil. In what appears to be a bid to tackle Reliance Jio’s cruising dominance in the telecom sector, Idea Cellular has announced that it will join forces with Vodafone India within a period of two years. The amalgamation.
Share Price, Corporate Actions, Valuation, Research Report, Financials and more - complete track record of Vodafone Idea Ltd. From Indias independent mutual fund research house.