The Modi government has made big rice in the telecom market. The Center has decided to increase the Vodafone Idea partnership. Earlier, the government took some shares to reduce the debt burden of the company that was submerged in debt. On that day, the center doubled the percentage. Some time, before the 3G trial in Mumbai, VI has taken the news headlines in the telecom palace. This time the company's share is a huge change.
It has been reported that the government's partnership with the government was 22.5%earlier. It has been decided to increase the day by 5.7%. That is, the largest shareholder of the company is now the government itself. Now the question may arise why the government is increasing the partnership of VI? Basically, the spectrum repayment near the center has 5 million outstanding Vodafone Idea. This time the Center plans to convert the equity shares of this price.
According to sources, Vodafone UK's partnership in Vodafone Idea is down to about 5.5 percent from about 5.5 percent. In this company, the ownership of the Aditya Birla Group can be reduced by 5 percent to about 5 percent. However, the government has said that the promoters of Vodafone Idea will handle the responsibility of managing the company.
The Vodafone PLC in the UK and the Aditya Birla Group (ABG) in India will maintain management control over V, these two companies V. However, many people believe that the move could affect the strategic direction and management of Vodafone and Aditya Birla Group. Moreover, experts believe that their financial leverage and decision -making power can be drawn.
It should be noted that the Modi government is now the largest partner in Vodafone Idea as the second Telco after BSNL.
