Voda Plc offers Vodafone Idea stake to lenders and BSNL for free

Vi shares plunge 18% after ABG's offer to hand over 27% stake gratis

Topics
Vodafone | Vodafone Idea | BSNL

Dev Chatterjee  |  Mumbai 

Vodafone Plc, which owns 45 per cent stake in Vodafone Idea (Vi), is ready to offer its stake for free to Indian banks/financial institutions or to the government-owned Bharat Sanchar Nigam (BSNL), provided they take over the wireless telephony company, said banking sources.

Lenders said if BSNL takes over the company, government dues to be paid by the merged BSNL-Vi entity will be a book entry. “We are looking at various options since both promoters — Aditya Birla Group (ABG) and Vodafone Plc — are ready to offer their stake for free to lenders or to BSNL. If ...

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First Published: Thu, August 05 2021. 06:01 IST
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