Vodafone Idea Board Approves Merger With Aditya Birla Telecom

Telecom operator Vodafone Idea Limited will merge Aditya Birla Telecom Ltd, which holds 11.15 per cent stake in telecom infrastructure firm Indus Towers, with it.

"The Board of Directors of Vodafone Idea Limited (VIL) ... has considered and approved a scheme of amalgamation of Aditya Birla Telecom Limited (ABTL), a wholly-owned subsidiary of the company, with the company," Vodafone Idea said in a regulatory filing.