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Govt agrees to raise stake in Voda Idea to 49 pc with fresh share acquisition worth Rs 37,000 cr
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....ovt agrees to raise stake in Voda Idea to 49 pc with fresh share acquisition worth Rs 37,000 cr<BR>PTI News<BR>Dated:- 30-3-2025<BR>PTI<BR>New Delhi, Mar 30 (PTI) The government has agreed to raise st....
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....ake in Vodafone Idea to 48.99 per cent with fresh acquisition of shares worth Rs 36,950 crore in lieu of outstanding spectrum auction dues, the company said in a regulatory filing on Sunday. The gov....
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....ernment is the single-largest shareholder in the debt-ridden Vodafone Idea with 22.6 per cent stake. "The Ministry of Communications... in line with the September 2021 Reforms and Support Package fo....
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....r Telecom Sector has decided to convert the outstanding spectrum auction dues, including deferred dues repayable after expiry of the moratorium period, into equity shares to be issued to the Governmen....
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....t of India. The total amount to be converted into equity shares is Rs 36,950 crore," the filing said. Vodafone Idea (VIL) said it has been directed to issue 3,695 crore equity shares of the face val....
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....ue of Rs 10 each at an issue price of Rs 10 each within 30 days after issuance of necessary order from relevant authorities, including from Securities and Exchange Board of India. "Post the aforesai....
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....d issuance of equity shares, the Government of India shareholding in the Company will increase from existing 22.60 per cent to approximately 48.99 per cent. The promoters will continue to have operati....
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....onal control of the company," the filing said. PTI PRS TRB<BR> News - Press release - PIB....