Govt Advises Vodafone Concept to Widen Financier Browse
The Indian government is pressing Vodafone Concept (Vi) to broaden its look for prospective capitalists, including both residential and international entities, to promote a feasible departure.
- Financial Circumstance: Vi deals with high financial debt and subscriber losses, impeding its survival.
- Government Stake: Government holds 49 % stake acquired instead of passion dues.
- Relief Actions: Debt cold of 87, 695 crore and payment rescheduling offered.
- Possible Financier: A US-based fund with Indian beginnings has shown rate of interest.
- Strategic Importance: Government aims for multiple telecom players in this critical market.