Govt Gives Final Nod to Vodafone-Idea Merger; to be India’s Largest Operator
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The move comes just days after Idea Cellular and Vodafone India made a joint payment of Rs 7,268.78 crore ‘under protest’ to the Department of Telecom (DoT) for merging their mobile businesses.
A senior DoT official privy to the development said that the final approval has been accorded to the merger on Thursday and the entities will now approach Registrar of Companies (RoC) for stipulated filings for approval, completing the last leg of formalities.
DoT gave conditional nod to the merger on July 9 and asked the two firms to meet the demand raised for taking the merger on record.
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Source: News18