Tag: Government stake in Vodafone idea

SEBI exempts govt from open offer rule on Vodafone Idea debt-to-equity conversion – CNBC TV18

The Securities and Exchange Board of India (SEBI) has exempted the central government from the obligation to make an open offer after converting Vodafone Idea’s spectrum dues into equity. The exemption allows the government to increase its stake in the telecom operator from 22.60% to 48.99% without triggering a mandatory offer to minority shareholders. SEBI’s […]

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