"There are only two permission left in the amalgamation scheme of the Idea and Vodafone. It should be completed by end of the current financial year," an industry source, who did not wish to be named, told .
Emails sent to Vodafone and Idea did not elicit any response.
Both the companies are before National Company Law Tribunal (NCLT) for seeking its nod after which they will need final approval from the Department of Telecom.
Idea Cellular will hold a meeting of shareholders and creditors on October 12 to seek their approval for the amalgamation of Vodafone India's business with itself.
The meeting of equity shareholders, secured creditors and unsecured creditors will be held in Gandhinagar. It is being convened following directions of the NCLT bench at Ahmedabad.
Reliance Communications on Sunday announced termination of mobile business merger deal with Aircel due to "Legal and regulatory uncertainties, and various interventions by vested interests" leading to "inordinate delays in receipt of relevant approvals for the proposed transaction".
The remaining 28.9% will be held by other shareholders.