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Vodafone Idea to amend shareholders’ pact to retain promoter control despite government's 49% stake

Times of India LogoTimes of India1d ago

Vodafone Idea to amend shareholders’ pact to retain promoter control despite government's 49% stake - Times of India

Quick Summary:

This allows Aditya Birla Group and Vodafone Group to retain control despite the government becoming the largest shareholder with 48.99% after converting debt into equity.

Vodafone Idea's board has approved amending its shareholder agreement, lowering the qualifying threshold to 10% and excluding the government's stake for governance.

The move aims to maintain operational continuity amidst Vi's ₹2.17 lakh crore debt.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-03 @ 01:35:44 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 796 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28323873

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 38 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

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  • URL: https://wl.beamstart.com/news/vodafone-idea-to-amend-shareholders-17462082193069

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