Idea shares surge 29% in a day over Vodafone merger talks
Shares of Idea Cellular jumped a record 29% in intraday trade on Monday after Vodafone confirmed its merger discussion with the country’s third largest telecom operator. This is the highest intraday gain Idea has seen since listing. Notably, the merger of the two companies would create India's largest mobile service provider, taking over the current leader Airtel.