Idea Cellular to be renamed Vodafone Idea

On Friday in regulatory filing, the company added that the EGM will also contemplate raising funds not more than 15,000 crores through debentures

by exchange4media Staff
Published - Jun 2, 2018 10:02 AM Updated: Jun 2, 2018 10:02 AM

The Kumar Mangalam Birla owned company, Idea Cellular, has announced the change of its name to Vodafone Idea Limited during an extraordinary general meeting (EGM).

On Friday in regulatory filing, the company added that the EGM will also contemplate raising funds not more than 15,000 crores through debentures.

In the final stage of regulatory approvals, the merger of the second and third largest telecom companies in India, is expected shortly.

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