The Central Government of India is set to become the largest shareholder in Vodafone Idea. The company’s board approved the conversion of Rs 16,000 crores in interest into equity. India’s third-largest network Vi or Vodafone Idea Limited (VIL) has approved the interest on the spectrum and Adjusted Gross Revenue (AGR) dues into government equity.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
VIL accepted a four-year moratorium as well as accepted the equity conversion, which means the Indian government will own almost 35.8% of VIL’s stake followed by Vodafone Group which owns 28.5% and 17.8% by Aditya Birla Group.
SMS, or Short Message Service, is a popular way of sending text messages between mobile…
Haryana, located in northern India, is home to a district which is famously known as…
Uttar Pradesh is known for its rich history and cultural heritage, which is reflected in…
Bharat National Cyber Security Exercise (Bharat NCX 2024) is a landmark initiative launched to enhance…
The 4th National Finswimming Championship 2024 concluded with remarkable performances by swimmers from across India.…
Punit Goenka, the Managing Director (MD) and Chief Executive Officer (CEO) of Zee Entertainment Enterprises,…