Vodafone India and Idea Cellular have decided to have a merger of equals. Vodafone and the Aditya Birla Group will have joint control over this combined company. Once Man combines Vodafone and ideas customers, the merged entity could be the largest telecommunications company in India. It would have close to 40 Crore customers, 35% customer market share and 41% market share. A few months ago, Reliance Jio`s entry into the market disrupted the business of other service providers. This merger is a strategic response to Jio`s milestone, as analysts have cited in various media reports. Providing a secure workstation is an important promise not only for our own employees, but also for all our partners, suppliers and collaborators who work on our behalf in various functions and activities. We have formulated our safety rules and absolute standards for all high-risk activities in our company. We have rigorous training protocols and training mechanisms for awareness, audit architecture to assess the effectiveness of the implementation of our programs and standards, and impact management standards to combat violations of standards. We are determined to keep our promise not to do business by putting someone at risk. The company`s equity increased by 43.763 million euros. Under the issuance of 4,375,199,464 shares resulting from the merger between VMSL and VInL with the Company and 1,037,935 shares in the Employee Stock Option Scheme (ESOS) as part of the 2006 Employee Stock Option Scheme and the 2013 Employee Stock Option Scheme.
The company`s other equity increased from 229.032 million euros to 508.992 million euros. M, mainly due to the increase in reserves resulting from the merger of VMSL and VInL with the Company, partially offset by losses and liability for compensation for the current years, resulting from the implementation agreement between the parties for the establishment of a resolution mechanism between the company and VInL`s former shareholders, for any cash inflow/exit that may result from the resolution of certain outstanding disputes in the period up to May 31, 2019. As of March 31, 2019, equity amounted to Rs 596.348 million. As part of an “execution agreement” of March 20, 2017, it was proposed to change the name of the merged entity to include the names of Vodafone and Idea, the company said in a stock exchange statement. Vodafone`s Idea provides Wi-Fi hotpsot services in the major cities of Mumbai, Pune and Bangalore with 200 or more location, it is currently only available to Vodafone brand customers  The Gross Block and Net Block (including capital work in Progress and intangible assets in development) was available at Rs.