Read More>> Vodafone-Idea Cellular merger was completed on Friday marking the birth of the largest telecom operator in the country by subscribers and revenue. The final seal of approval from the NCLT came after the two telecom companies cleared their dues with the department of telecommunications (DoT) in July. The new entity would be a formidable rival to billionaire Mukesh Ambani’s Reliance Jio Infocomm, which has caused a widespread disruption in the country’s telecom industry.
“We wish to inform you that pursuant to filing of the NCLT orders with the relevant Registrars of Companies on 31st August, 2018,the Scheme has become effective on even date and the merger of VMSL and VIL with the Company has been completed. Consequently, the Board of Directors of the Company at its meeting held on 31st August, 2018, has taken the following actions pursuant to the merger of VMSL and VIL with the Company and implementation of the Scheme,” Idea Cellular said in the exchange filing