Vodafone-Idea merger: K M Birla, Sebi chief discuss regulatory aspects

Regulator is currently examining if the deal meets the takeover code regulations

Aditya Birla group chairman Kumar Mangalam Birla met with Ajay Tyagi, chairman, Securities and Exchange Board of India ( Sebi) last week to discuss various regulatory aspects of the proposed merger of his telecom arm Idea Cellular and Vodafone India, said people with the direct knowledge of the development.
 

This meeting comes amid concerns raised by several quarters over the proposed structure and arrangement of the merger. A government official said the market regulator has received several complaints from various stakeholders on the proposed merger.

Currently, Sebi is examining if the deal meets the takeover code regulations, besides studying issues