Categories: Business

Centre will hold 35.8% stakes of Vodafone Idea in the form of equity

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.

Find More Business News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

India Pays $35.18 Million to UN Regular Budget for 2026, Joins Honour Roll

India has paid USD 35.18 million to the United Nations (UN) Regular Budget for 2026,…

7 mins ago

India to Share Cross-Border Crypto Transaction Data from April 2027

India is set to significantly strengthen oversight of cryptocurrency transactions by beginning the exchange of…

28 mins ago

2026 Winter Olympics: Host Country, Dates, Schedule, Sports, and India Participation

The 2026 Winter Olympics are one of the biggest global sports events. Officially called the…

36 mins ago

Do You Know Which is the Largest Coral Reef in the World?

Did you know our oceans hide giant living structures that can even be seen from…

43 mins ago

World Interfaith Harmony Week 2026 Observed from February 1 to 7

World Interfaith Harmony Week (WIHW) 2026 is being observed from 1 to 7 February 2026…

47 mins ago

Travel Writer and Padma Shri Awardee Hugh Gantzer Passes Away at 95

Renowned travel writer and Hugh Gantzer, a Padma Shri awardee, passed away on 2 February…

2 hours ago