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Birla Group benefited more due to merger with Vodafone

Birla Group benefited more due to merger with Vodafone

Thursday, March 23, 2017, 7:07 AM

The recent merger between Idea and Vodafone has not benefited the latter as much as the AVBirla group, according to Institutional Investor Advisory Services India Limited (IiAS), a leading proxy advisory firm. The deal favours the AVBirla group, which gets equal voting rights despite being relatively smaller, and an option to buy out equity from Vodafone at a pre-determined price.
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