The executive will grow to be the largest shareholder on this personal telecom corporate.

Government will become the largest shareholder in this private telecom company, will get 33% stake

The executive could have 33 consistent with cent stake.

There is huge aid information for Vodafone Idea. In go back for the pastime cost of 16 thousand crores, the federal government will take 33 % stake within the corporate. After the of entirety of this deal, the federal government could have the most important stake within the corporate. | Edited By: Shashank Shekhar

Jun 24, 2022 | 10:26 am

Vodafone Idea’s monetary place could be very dangerous. This telecom corporate (Vodafone IdeaGiving aid to ) the federal government has made up our minds to take stocks within the corporate in lieu of cost. According to the document of CNBC TV18, the corporate has to make an pastime cost of Rs 16133 crore, which has been made up our minds to be transformed into fairness. In go back, the federal government gets 33 consistent with cent stake within the corporate and can grow to be the most important shareholder. However, it is going to want approval from marketplace regulator SEBI. After getting approval from SEBI, the federal government could have the most important proportion in Vodafone Idea.

Despite the most important stake, it is going to now not stay within the promoter class. This deal will probably be finished underneath public possession. No consultant of the Government will likely be at the Board of Directors of the Company. After the advance within the monetary situation of the corporate, the federal government will progressively scale back its stake. Overall, the federal government will paintings as a silent investor.

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