With reference to the merger of Indus (in which the Company is holding 11.15% equity stake) with Bharti Infratel, Vodafone Idea announced that
the parties have agreed to further extend the extended Long Stop
Date of 24 April 2020 to 24 June 2020, so as to complete the remaining conditions precedent including the pre-closing adjustments.
The consummation of the Merger is subject to mutual agreement between the parties on the pre-closing adjustments, and other conditions precedent for closing. Each party retains the right to terminate and withdraw the merger scheme on or prior to 24 June 2020.
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