Vodafone Idea to amend shareholders’ pact to retain promoter control despite government's 49% stake

9Lej Gain
0
Vodafone Idea's board has approved amending its shareholder agreement, lowering the qualifying threshold to 10% and excluding the government's stake for governance. This allows Aditya Birla Group and Vodafone Group to retain control despite the government becoming the largest shareholder with 48.99% after converting debt into equity. The move aims to maintain operational continuity amidst Vi's ₹2.17 lakh crore debt.

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3U2GLch
Tags

Post a Comment

0Comments

Post a Comment (0)

#buttons=(Accept !) #days=(20)

Our website uses cookies to enhance your experience. Check Now
Accept !