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Idea Cellular falls 6% in trade as Vodafone merger likely to be delayed

Updated : June 25, 2018 12:48 PM IST

The mega-merger deal of Idea Cellular and Vodafone India may not meet the expected June 30 timeline as the telecom department is looking to raise a fresh demand of around Rs 4,700 crore, a source said.
The demand will be raised from Vodafone India before its merger with Idea Cellular.
In 2015, Vodafone had merged its four subsidiaries Vodafone East, Vodafone South, Vodafone Cellular and Vodafone Digilink with Vodafone Mobile Services, which is now called Vodafone India.

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