đź’¨ Abstract

The Indian government is set to increase its stake in Vodafone Idea to 48.99% by acquiring shares worth Rs 36,950 crore in lieu of outstanding spectrum auction dues. The government is already the single-largest shareholder with a 22.6% stake, and the new move will exceed the combined stake of the company's promoter firms, Vodafone and Aditya Birla Group.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖

Powered by MessengerX.io