Government to become largest shareholder in Voda Idea

In a rare development, the Centre is set to receive ownership in two private telecom companies — the debt-laden Vodafone Idea and Tata group’s Tata Teleservices —inlieu of the interest dues from them, as part of the revival package for ailing players announced last September. Following the decision by the companies, the central government will become the single largest shareholder in VodafoneIdea, holding 35. 8% in the country’s third-largest telecom company

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