
Vodafone Idea Limited (VIL), the third-largest telecom operator, is now looking to onboard new investors to give the Indian government an exit from the company. The Indian government currently holds a majority stake of 48.99% in the company. This happened because Vodafone Idea (Vi) decided to convert most of its interest dues into equity for the government. This way, while the telco’s debt reduced, its ownership structure changed massively. The government has no interest in operating the business. The only reason the government took a stake in Vi was…

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