Idea surges 4% post DoT’s approval for Vodafone India merger

Idea Cellular spurted nearly 4% in early morning trade today post Department of Telecommunication's approval of its merger with Vodafone India (VIL) and Vodafone Mobile Services (VMSL). The merger is subject to National Company Law Tribunal (NCLT), Mumbai Bench, passing the dissolution order of VIL and VMSL, which is expected shortly, the company said in a release to the exchange today.

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