SEBI seeks clarification over Idea-Vodafone merger
Market regulator SEBI has sought clarification from Aditya Birla Group firm Idea regarding its proposed merger with Vodafone India. Besides, the firms approached the Competition Commission of India last month regarding the proposed merger and are awaiting the fair trade regulator's nod in this regard. In March, Vodafone and Idea announced their merger to create India's largest telecom operator.