Vodafone Idea to amend shareholders’ pact to retain promoter...

Dununu.com Dununu

Sponsor

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

RSS Feed Business

Posted

131

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.

Read Full Article

Please log in to like, share and comment!

Paris DL: Will Neeraj Chopra be up against Pakistan's Nadeem? All you need to know

Neeraj Chopra will compete at the Paris Diamond League 2025 without facing his Pakistani rival...

By 0 8

Maoist objects to removal of Federal Civil Service Bill from parliamentary agenda

KATHMANDU: The main opposition party, CPN (Maoist Centre), has expressed strong objection to the...

By 0 12

Rastriya Swatantra Party to mark third anniversary with nationwide campaign

KATHMANDU: The Rastriya Swatantra Party (RSP) has announced that it will celebrate its third...

By 0 16

Rajasthan PTET answer key 2025 released at ptetvmoukota2025.com: Direct link to download here

By 0 32

IND vs ENG: 'No Virat, no Rohit —It feels strange'; KL Rahul on a new era in Indian cricket

KL Rahul acknowledges the absence of Virat Kohli and Rohit Sharma in the upcoming Test series...

By 0 43