Fri, Jan 12, 2018
NCLT has approved Idea-Vodafone $23 billion merger deal.
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Thu, Jul 27, 2017
The key Indian equity market indices on Thursday opened higher after the US Federal Reserve kept interest rates unchanged. The Sensitive Index (Sensex) of the BSE, which had closed at 32,382.46 points on Wednesday, opened higher at 32,519.44 points.
Tue, Mar 21, 2017
Motilal Oswal, however, is confident that Idea will perform better. It said, "We upgrade Idea to Buy with a target price of Rs 120, implying 9x EV/EBITDA on FY19E for the combined entity. In our view, rich valuation is justified, as the expected recovery from FY19 could drive EBITDA CAGR (compound annual growth rate) of 18% over FY18-22."
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