Shares of Vodafone Idea Ltd rose 5 per cent on Monday following reports that private equity firm Tillman Global Holdings (TGH) is in talks to invest $4-6 billion (approximately Rs 35,000–52,800 crore) in the debt-laden telecom operator and assume operational control, people familiar with the matter said. The potential investment, however, is contingent on the government extending a comprehensive relief package that addresses all of Vi’s liabilities, including AGR-related dues and spectrum payments. Advertisement

Following the development, the stock rose 5.26 per cent to hit a high of Rs 9.19 on BSE. The stock is up 36.46 per cent in the past three months.

If the deal happens, Economic Times quoted a source saying, TGH will take the promoter status and take control from existing promoter

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