Vodafone Idea AGR Dues Settlement: Govt to Own 35.8% in the Company

[itzmynet]

Vodafone Idea AGR Dues Settlement: Govt to Own 35.8% in the Company, Vi Share Slumps

Vodafone Idea AGR Dues Settlement: Following the equity conversion, the government will hold around 35.8 per cent of the total outstanding shares of the company

www.news18.com

“With this background, it is now informed that the Board of Directors, at its meeting held on 10th January, 2022, has approved the conversion of the full amount of such interest related to spectrum auction instalments and AGR Dues into equity," according to the BSE filing.

 

[Tejas01]

Meanwhile Bsnl and Mtnl...

 

[igloo]

They can name it vib Or vim?

 

[SVK]

BSNL and MTNL in background after Govt becomes major shareholder of VI

 

[socrates]

Govt to own a third in Vodafone Idea, shares crash as questions remain

As of March 2021, the company’s total debt stood at Rs 1.80 trillion. The shares of Vodafone Idea cracked 14 percent in early deals

www.moneycontrol.com

 

[mhsabir]

I have an idea what the govt can rename the company once they hold the majority Vi Sanchar Nigam Limited or ViSNL.

 

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[Jonas]

How about Modifone?

 

[Navjot Singh]

Time to bring back the OG name: Chodafone

 

[Tejas01]

How about Modifone?

Don't give them ideas man.... 2024 is approaching. They will make Everybody listen to his Stand Up Comedy(MKB) through his phone.

 

[Lolita_Magnum]

If govt takes Vi seriously, i think it would be a game changer for the telecom and IoT industry, but considering the condition of mtnl and bsnl, it will probably an another office filled with old people and mindless idiots who have no clue about anything.