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.
India has paid USD 35.18 million to the United Nations (UN) Regular Budget for 2026,…
India is set to significantly strengthen oversight of cryptocurrency transactions by beginning the exchange of…
The 2026 Winter Olympics are one of the biggest global sports events. Officially called the…
Did you know our oceans hide giant living structures that can even be seen from…
World Interfaith Harmony Week (WIHW) 2026 is being observed from 1 to 7 February 2026…
Renowned travel writer and Hugh Gantzer, a Padma Shri awardee, passed away on 2 February…