The Securities and Exchange Board<\/a> of India (Sebi<\/a>) has sought details about the proposed merger of Aditya Birla<\/a> Group promoted Idea Cellular<\/a> with Vodafone<\/a> Plc's Indian arm.
\n
\nOnce the companies provide all the information about the merger, the regulator will see if it's in compliance with all the securities laws, said a person familiar with the development.
\n
\nUnlike in the past, rules have now changed on mergers and amalgamation, where it has to be first vetted by
Sebi<\/a> before the parties approach the national company law tribunal for its nod.
\n
In March,
Vodafone India<\/a> and the Kumar Mangalam Birla-owned Idea Cellular<\/a> decided to merge to create the country's biggest phone company by subscribers, dislodging Bharti Airtel<\/a>, which has been at the top for 15 years.The new Rs 1.55 lakh crore entity will also be the world No.2 after China Mobile.
\n
\nThe UK-based telecom firm owns 45.1 per cent in the combined entity after transferring 4.9 per cent to the promoters of Idea Cellular for Rs 3,874 crore in cash post the merger. Kumar Mangalam Birla and other promoters of Idea Group will hold 26 per cent and the rest will be owned by the public. Further, the company will have the right to buy another 9.5 per cent (at 130 a share or the prevailing Rs market price, depending on the time of purchase) in the combined entity over four years from the British telecom firm.
\n
\nThe merger ratio is based on Idea's price of Rs 72.5 a unit. The implied enterprise value is 82,800 crore for
Vodafone<\/a> India Rs and Rs 72,200 crore for Idea, excluding its 11.15per cent stake in Indus Towers. All of Vodafone India<\/a>'s businesses, barring its 42 per cent stake in Indus Towers, will become part of the new entity.
\n
\nSome of the approvals the proposed Idea-Vodafone merger would need from include the stock exchange, Sebi, The National Company Law Tribunal (NCLT) and the Competition Commission of India (CCI).\n\n<\/p><\/body>","next_sibling":[{"msid":58744155,"title":"Android Go likely to come to India around Diwali","entity_type":"ARTICLE","link":"\/news\/android-go-likely-to-come-to-india-around-diwali\/58744155","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58744421,"entity_type":"ARTICLE","title":"Securities and Exchange Board of India seeks details of Idea-Vodafone merger plan","synopsis":"Rules have now changed on mergers and amalgamation, where it has to be first vetted by Sebi.","titleseo":"telecomnews\/sebi-seeks-details-of-idea-voda-merger-plan","status":"ACTIVE","authors":[{"author_name":"Reena Zachariah","author_link":"\/author\/479200600\/reena-zachariah","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479200600.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479200600,"author_name":"Reena Zachariah","author_seo_name":"reena-zachariah","designation":"Editor","agency":false}},{"author_name":"Devina Sengupta","author_link":"\/author\/479212895\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479212895.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479212895,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-05-19 08:28:02","lastupd":"2017-05-19 08:30:30","breadcrumbTags":["vodafone-idea merger","Vodafone","Bharti Airtel","sebi","Idea Cellular","Airtel","industry","Aditya Birla","Securities and Exchange Board","Vodafone India"],"secinfo":{"seolocation":"telecomnews\/sebi-seeks-details-of-idea-voda-merger-plan"}}" data-authors="[" reena zachariah","devina sengupta"]" data-category-name="" data-category_id="" data-date="2017-05-19" data-index="article_1">

印度证券交易委员会寻求Idea-Vodafone合并计划的细节

在兼并和合并规则已经改变,它必须是首次由印度证券交易委员会审查。

丽娜撒迦利亚 Devina森古普塔
  • 更新2017年5月19日凌晨塔利班坚持

证券交易委员会印度印度证券交易委员会)寻求合并的细节Aditya Birla)集团推广知道细胞沃达丰(Vodafone)Plc的印度的手臂。

一旦公司提供所有的信息合并,监管机构将会看到如果符合证券法,一位知情人士说的发展。

与过去不同,在兼并和合并规则已经改变,它必须首先审查印度证券交易委员会之前双方方法国家公司法法庭的点头。

今年3月,沃达丰印度和Kumar Mangalam Birla-owned知道细胞决定合并创建全国最大的电话公司用户,移动Bharti Airtel15年来,顶部。的new Rs 1.55 lakh crore entity will also be the world No.2 after China Mobile.

英国电信公司拥有45.1%在合并后的实体将4.9%的推动者想法细胞以3874卢比现金合并。Kumar Mangalam贝拉和其他发起人的想法集团将持有26%,其余的将由公众。进一步说,该公司将有权购买另一个9.5%(每股130或流行的Rs市场价格,取决于购买的时间)在合并后的实体在四年从英国电信公司。

合并比率是基于概念的Rs价格72.5单位。隐含企业价值是82800卢比沃达丰(Vodafone)印度卢比和72200卢比的主意,不包括其印度塔11.15%的股份。所有的沃达丰印度的企业,除非其印度塔42%的股份,将成为新实体的一部分。

的一些审批Idea-Vodafone拟议的合并需要从包括证券交易所、印度证券交易委员会,国家公司法法庭(NCLT)和印度竞争委员会(CCI)。

  • 发表在2017年5月19日08:28点坚持

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The Securities and Exchange Board<\/a> of India (Sebi<\/a>) has sought details about the proposed merger of Aditya Birla<\/a> Group promoted Idea Cellular<\/a> with Vodafone<\/a> Plc's Indian arm.
\n
\nOnce the companies provide all the information about the merger, the regulator will see if it's in compliance with all the securities laws, said a person familiar with the development.
\n
\nUnlike in the past, rules have now changed on mergers and amalgamation, where it has to be first vetted by
Sebi<\/a> before the parties approach the national company law tribunal for its nod.
\n
In March,
Vodafone India<\/a> and the Kumar Mangalam Birla-owned Idea Cellular<\/a> decided to merge to create the country's biggest phone company by subscribers, dislodging Bharti Airtel<\/a>, which has been at the top for 15 years.The new Rs 1.55 lakh crore entity will also be the world No.2 after China Mobile.
\n
\nThe UK-based telecom firm owns 45.1 per cent in the combined entity after transferring 4.9 per cent to the promoters of Idea Cellular for Rs 3,874 crore in cash post the merger. Kumar Mangalam Birla and other promoters of Idea Group will hold 26 per cent and the rest will be owned by the public. Further, the company will have the right to buy another 9.5 per cent (at 130 a share or the prevailing Rs market price, depending on the time of purchase) in the combined entity over four years from the British telecom firm.
\n
\nThe merger ratio is based on Idea's price of Rs 72.5 a unit. The implied enterprise value is 82,800 crore for
Vodafone<\/a> India Rs and Rs 72,200 crore for Idea, excluding its 11.15per cent stake in Indus Towers. All of Vodafone India<\/a>'s businesses, barring its 42 per cent stake in Indus Towers, will become part of the new entity.
\n
\nSome of the approvals the proposed Idea-Vodafone merger would need from include the stock exchange, Sebi, The National Company Law Tribunal (NCLT) and the Competition Commission of India (CCI).\n\n<\/p><\/body>","next_sibling":[{"msid":58744155,"title":"Android Go likely to come to India around Diwali","entity_type":"ARTICLE","link":"\/news\/android-go-likely-to-come-to-india-around-diwali\/58744155","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58744421,"entity_type":"ARTICLE","title":"Securities and Exchange Board of India seeks details of Idea-Vodafone merger plan","synopsis":"Rules have now changed on mergers and amalgamation, where it has to be first vetted by Sebi.","titleseo":"telecomnews\/sebi-seeks-details-of-idea-voda-merger-plan","status":"ACTIVE","authors":[{"author_name":"Reena Zachariah","author_link":"\/author\/479200600\/reena-zachariah","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479200600.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479200600,"author_name":"Reena Zachariah","author_seo_name":"reena-zachariah","designation":"Editor","agency":false}},{"author_name":"Devina Sengupta","author_link":"\/author\/479212895\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479212895.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479212895,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-05-19 08:28:02","lastupd":"2017-05-19 08:30:30","breadcrumbTags":["vodafone-idea merger","Vodafone","Bharti Airtel","sebi","Idea Cellular","Airtel","industry","Aditya Birla","Securities and Exchange Board","Vodafone India"],"secinfo":{"seolocation":"telecomnews\/sebi-seeks-details-of-idea-voda-merger-plan"}}" data-news_link="//www.iser-br.com/news/sebi-seeks-details-of-idea-voda-merger-plan/58744421">