Outcome of Board Meeting
CCI approves proposed merger of Vodafone India, Vodafone Mobile Services Ltd., and Idea Cellular
(As per BSE Announcement date on 24/07/2017)
Update on Merger
(As Per BSE Announcement Dated on 08.08.2017)
Summary of Proceedings of NCLT convened meetings held on October 12, 2017
Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the voting results along with the Scrutinizer's Reports of the meetings of Equity Shareholders, Secured Creditors and Unsecured Creditors of Idea Cellular Limited convened and held on Thursday, October 12, 2017 as per the directions of the Tribunal
(As Per BSE Announcement Dated on 13.10.2017)
Idea Cellular Limited has informed the Exchange regarding a press release dated March 22, 2018, titled 'ADITYA BIRLA GROUP AND VODAFONE GROUP ANNOUNCE THE PROPOSED NEW LEADERSHIP TEAM OF THE MERGER BETWEEN IDEA CELLULAR AND VODAFONE INDIA'.
(As Per NSE Dated on 23.03.2018)
Department of Telecommunications has approved the merger of Vodafone India Limited and Vodafone Mobile Services Limited with the company.
(As Per BSE Announcement Dated on 27.07.2018)
Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
(As Per BSE Announcement Dated on 31.08.2018)
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that subsequent to completion of Vodafone-Idea merger and their Scheme becoming effective from August 31, 2018, Bharti Infratel Limited ('the Company') and Indus Towers Limited where the Company holds 42% equity, have received exit notices, which would result in exit of 27,447 co-locations for the Company on a consolidated basis. The aforesaid co-locations contribute to 13.7% of the total co-locations on a consolidated basis as on June 30, 2018.
This is likely to result in a net reduction of consolidated service revenue of approx. Rs. 60- 65 crores per month w.e.f. September 1, 2018. We expect that this will be mitigated by exit charges and incremental revenues on account of anticipated new network rollouts by the operators going forward.
(As Per BSE Announcement Dated on 05.09.2018) | Powered by Capital Market - Live News |
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