The deal would help Idea consolidate its position with its subscriber market share increasing from 9.5 per cent to 11.1 per cent. The deal would give it a foothold in Punjab and Karnataka.
The counter witnessed trading volumes of 4,88,00,000 shares (4.6 times its two-week average volume). The stock hit a new 52-week high on Wednesday at Rs 73.40; its 52-week low being at Rs 23.25 on January 22.