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Published: Dec 29, 2021
Updated: Dec 29, 2021
The Birla group has set an internal target to exit the telecom business by the end of the current fiscal. The group is ready to sell its 27% stake in the company even for Re 1.
The group’s other companies are doing extremely well and Vodafone Idea has now become an albatross around its neck. A lot of management time is getting wasted in a venture which has no future. Bankers say once the Indian government approves a package which includes allowing payment of adjusted gross revenue (AGR) dues in the next 20 years instead of 10 years, there may be some interest in the company from private equity players.
February 15, 2025 - First Issue
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VOL XVI - 10
February 01-15, 2025
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