The Government of India owns 49% in Vodafone Idea. (Photographer: Vijay Sartape / NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed
The government will not increase its equity stake in troubled carrier Vodafone Idea Ltd., Union Telecom Minister Jyotiraditya Scindia said on Thursday.
"We are 49% equity holders in VI. At this point, and in the near future, we will not increase our stake. So that's where it will lie," Scindia told NDTV Profit at the sidelines of the India Mobile Congress 2025.
The government has become the single largest shareholder in Vodafone Idea after acquiring shares worth Rs 36,950 crore in March against outstanding spectrum auction dues. The government told the Supreme Court last month that "some solution may be required", given public