Mergers & Acquisitions Mergers & Acquisitions

Vodafone cuts stake in troubled Indian JV to make way for government rescue package

By Freny Patel
  • 08 Feb 2023 05:57
  • 08 Feb 2023 05:57
Vodafone has reduced its stake in Vodafone Idea to make way for the Indian government’s shareholding in the debt-ridden joint venture, in response to a bail-out push by authorities that alleviates concerns around whether the telecom industry would remain a three-player market to operate alongside state-owned Bharat Sanchar Nigam.

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Freny Patel


Freny has been covering antitrust law, M&A and regulations for over a decade, serving as Asia editor at Policy and Regulatory Report. Prior to joining as an editor at Mergermarket, she headed the banking bureau of a leading Indian financial daily, Business Standard. When India privatized the insurance sector, she had her own column in The Observer.

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