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DEAL STRUCTURE
• Vodafone to combine its subsidiary Vodafone India (excluding its 42% stake in Indus Towers) with Idea Cellular.
• Immediately post merger, Vodafone to receive a 50% stake in Vodafone-Idea (approximately 3,630m shares).
• Concurrent with completion, Vodafone will transfer a 4.9% stake in the combined company to Aditya Birla Group for US$579m in cash.
• Aditya Birla Group has a right to acquire up to a 9.5% additional shareholding from Vodafone.