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

Dununu.com Dununu

Sponsorluk

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

RSS Feed Business

Posted

108

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!

Swedish triple murder suspect to be remanded in custody

A Swedish prosecutor has requested the pre-trial detention of a man in his 20s, suspected of a...

By 0 13

GOP leader objects to halal restaurant, says it's like 'Muslim conquest of Jerusalem in 7th century'

By 0 13

Drunk passenger detained for molesting air hostess on Shirdi-bound Indigo flight

By 0 15

Anupam Kher’s ‘Tanvi The Great’ unveils look teaser featuring debutant Shubhangi Dutt

MUMBAI: The look-reveal teaser for Anupam Kher’s next directorial project, ‘Tanvi The...

By 0 17

Anushka-Virat: From dating life to evergreen couple

Anushka Sharma and Virat Kohli's journey from dating life to an evergreen couple in Bollywood

By 0 20