Idea Cellular Rises Over 3% Ahead Of Name Change To Vodafone Idea

Idea Cellular shares closed over 3 per cent higher on Tuesday, a day marked with its extraordinary general meeting (EGM) that is being held to deliberate over the modalities of its merger with Vodafone India. The Aditya Birla Group's telecom company will decide on change of the merged entity's name to Vodafone Idea, and will also take a call on fund-raising of Rs 15,000 crore for the expansion plan after its merger with Vodafone India.