Reliance, Airtel shares plunge over Vodafone-Idea merger
Shares of Indian telecom companies, including Airtel, fell on Monday following the announcement of a merger between Vodafone and Idea. While Idea shares fell as much as 20% in intraday trade, Bharti Airtel fell by 1.6%, and Reliance Industries, which owns Reliance Jio, plunged 1.1%. Notably, the Vodafone-Idea group would be Indiaâs largest telecom operator with almost 40 crore customers.