Aditya Birla group's Idea Cellular has signed a deal to acquire 40.8 per cent stake in Spice Communications for Rs 2,716 crore (Rs 27.16 billion). Idea will benefit operationally by leveraging......
For a company that has grown its business and gained market share through acquisition, regulatory delays could play spoilsport. Last month, Idea Cellular Chairman Kumar Mangalam Birla had......
Denying any breach of merger and acquisition (M&A) norms, Aditya Birla group firm Idea Cellular on Tuesday said the company's merger with Spice Communications was approved by court and consummated......
Even as Idea Cellular is planning to appeal against Delhi high court's adverse judgment on its merger with Spice Communications, about Rs 1,460 crore (Rs 14.6 billion) is stuck as part of its......
In a big setback to Aditya Birla Group firm Idea Cellular, the Delhi High Court said the six licences of Spice Communications would not be transferred to Idea, since the company did not comply with......