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Idea shareholders give nod for merging mobile biz with Vodafone India
Shareholders of Idea Cellular Ltd have approved the company's proposed merger of its mobile business with Vodafone India, according to a regulatory filing. Over 99% of Idea shareholders voted in favour of the merger at the shareholders' meeting on 12 October, Idea said on Friday. In March, Vodafone India and Idea Cellular announced the merger of their operations to create the country's largest mobile phone operator worth more than $23 billion with a 35% market share, Mint reported.
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