“We have come across certain media reports incorrectly alluding to below par share price as the reason for delay in VIL’s Govt. equity conversion. We wish to clarify that there is no such guideline that prohibits the Government from taking equity if company’s current share value is less than par value,” the Indian joint venture between UK’s Vodafone Group Plc and the Aditya Birla Group said.
from Latest Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/mOKBqV2
Monday, October 31, 2022
No bar on govt taking equity in company even if shares below par value: Vodafone Idea
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