Not making big investment in Idea on Vodafone merger: Grasim
Aditya Birla group firm Grasim Industries on Wednesday said it is not making any “large investment” into Idea Cellular as part of latter's proposed merger with Vodafone. According to Grasim, some investors “regrettably” raised concerns that to take the merger forward, investments would be made by Grasim into Idea. “No such proposal is under evaluation,” the company said.