Why are Idea shares falling after Vodafone merger announcement?3 min read 21 Mar 2017, 02:11 PM IST
Idea shares have fallen 14% since the details of the merger with Vodafone was announced
Investors had high hopes from the merger between Idea Cellular Ltd and Vodafone India Ltd. The former’s shares raced from an average of around Rs72.5 per share just before the two companies announced they were in merger talks, to as high as Rs120 within a month.
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