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On 3 February 2023, the Government of India ordered the company to convert its interest dues worth 161.33 billion Indian Rupees ($1.96 billion) to equity at the rate of 10 rupees per share face value (well over then market value ~8.5), thus making the government the single biggest shareholder in the company.
Idea Cellular: 2002 2018 Merged with Vodafone India to form Vodafone Idea [29] [30] Vodafone India: 2011 2018 Merged with Idea Cellular to form Vodafone Idea [29] [30] Tata DoCoMo: 2009 2019 Acquired by Airtel [31] Reliance Communications: 2004 2019 Declared bankruptcy, subsequently acquired by Jio [14]
By late January 2017, Vodafone Group's unit in India and Idea Cellular Ltd were in preliminary talks to merge. [97] And on 20 March 2017, Vodafone announced that it was merging its Indian business with Idea, India's third-largest network, to create the country's third largest operator with almost 270 million customers, [98] accounting for 16% ...
The low price is another important factor in Parle-G's popularity. Outside India, it is sold for 99 cents for a 418 gram pack as of 2012. A more common 65-gram "snack pack" is sold for as low as ₹3 (4 cents USD) at grocers in India, and 40 cents at major retailers of Indian groceries in USA. Packs containing two Parle-G biscuits are also sold.
Idea Cellular was an Indian telecommunications company based at Mumbai, Maharashtra. [4] It was an integrated GSM operator and had 220.00 million subscribers as of June 2018. [5] In 2018 Idea Cellular merged with Vodafone India into Vodafone Idea. [6]
Vodafone India was the Indian subsidiary of UK-based Vodafone Group and was a provider of telecommunications services in India with its operational head office in Mumbai. [2]As of March 2018, Vodafone India had a market share of 21%, [3] and with its merger with Idea, the collective Vodafone Idea network has approximately 375 million subscribers and is the third largest mobile ...
It is best known for the biscuit brand Parle-G, [2] [3] which is the best-selling biscuit brand in the world, according to a 2011 Nielsen report. [ 4 ] [ 5 ] [ 6 ] As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024, Vijay Chauhan & family is ranked 34th with a net worth of $8.3 Billion.
Financial Times [3] terms a double-digit percentage fall in the stock markets over five minutes as a crash, while Jayadev et al. describe a stock market crash in India as a "fall in the NIFTY of more than 10% within a span of 20 days" or "difference of more than 10% between the high on a day and the low on the next trading day" or "decline in ...