Govt stake in Vodafone Idea: Expert says move will not impact other telecom stocks, may prompt govt to focus more on reforms in this sector
Vodafone Idea approved conversion of spectrum interest and government dues into equity, prompting the telecom shares to tank 22 per cent to Rs 11.50 per share on the BSE
The move facilitates that the government takes majority of 35.8% of the total outstanding shares of the company. Source: PTI