Bhubaneswar:
Telecom Minister Ashwini Vaishnav said on Thursday that the debt-ridden company has many other requirements along with the debt capital, which are under discussion. V is under the debt burden of more than two lakh crore rupees. It chooses the government as an option to convert interests of about Rs 16,000 crore into equity. This company would equate to approximately 33 percent uniformity. At the same time, the promoter’s link in the company will come down to 50 percent from 74.99 percent.
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Vaishnav said, “Vodafone (Idea) has many announcements. There is a special requirement of capital in this. How much capital, who will invest? At this time everything is in discussion.
V Waza has offered Click to the government on a payment of Rs 10 per share and the government is waiting for the company’s stock to stabilize at Rs 10 per share.
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