Vodafonewatch

Vi selling majority stake to Indian government in bid to stay afloat

2022-01-12T10:12:00

Vi selling majority stake to Indian government in bid to stay afloat

Source: Matthew Buchanan / Unsplash

The state is set to receive a 35.8% stake in Vodafone Idea. Share prices drop around 20% in the wake of the news. Stake will be exchanged for easing of the struggling JV’s considerable debt. Government “do not want to run company”, insists Vi CEO

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