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Dear Reader,

Welcome to the Aurum Deal Compass - our monthly newsletter; with incisive, insightful and deep-dived perspectives on the deal segment in India.

This month, our newsletter is focused on the Telecom sector in India. (To know the sectors that we operate in, please click here.)

We hope you enjoy this newsletter. Contact us for any questions, or feedback.

Regards

The Aurum Team
Deal of the Month 

Idea Cellular announced merger with Vodafone India and its wholly owned subsidiary Vodafone India Mobile Services, to create the country’s largest telecom operator with over 400 million subscribers and nearly 41% revenue market share. 


The Transaction

The transaction does not include Vodafone’s 42% stake In Indus Towers. Idea and Vodafone will each hold equal stakes in the merged entity. The shareholding structure will be achieved in the following manner :

Vodafone will sell 4.9% at a price of INR 110 per share to Idea’s promoter – the Aditya Birla Group (ABG) – to reach 45.1% stake while enabling ABG to reach the critical 26% stake threshold. The other 28.9% shareholding will be held by non-promoter shareholders of Idea.

Click here to learn more about this deal 


Disclaimer: Aurum Equity Partners LLP was not a part of this deal in any way. 
 

PAST WEBINAR

The Indian Defence Offset Program - Challenges & Opportunities Webinar was held in December 2016.
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