SHARING CHANGES

DETAILS
IDEA
IDEA VODAFONE POST MERGER
POST ADITYA GROUP ACQUISITION ON MERGER FROM VODAFONE
POST ADITYA TOTAL ACQUISITION FROM VODAFONE
IDEA Facilitators
42.45%
21.10%
26.00%
35.50%

Vodafone Promoters
50.30%
45.40%
35.90%

Social
57.55%
28.60%
28.60%
28.60%

Total
100%
100%
100%
100%

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 CONCLUSION

The merger between Idea and Vodafone will make them a top player. For the
benefit of co-operative management, synergies of up to INR 670 billion can be
acquired & INR 140 billion on operating costs for 4th year. It will also bring
credit for the sale of Towers Assets to a consolidated business.

The concept of consolidation seems to save costs and financial opportunities

that aid financial performance. And whether the company will be able to
monetize the remaining spectrum must be seen.

Aditya Birla Group’s promoters are smart enough to integrate with Vodafone in
this price war and at the same time they have the rights to measure the pole in
stages. So far, there is no benefit for public shareholders and they will hope to
benefit from the long-term merger.

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