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

Anurag Sharma
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/3tZqFO8
https://ift.tt/r7cZK5B

Post a Comment

0Comments
Post a Comment (0)