Will the Government Run the Show?

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The government of india is now the largest shareholder in wodopon idea and owns nearly 36 % of the telecom behemeth. Ex i shareholders have seen their ownership reduce in value overnight, and they're a bit upset about it. The hope is that this financial reprieve will help the company get back up on its feet.

The government announced a rescue package for the likes of Vodafone-Idea back in September 2021. At the time we asked our readers — “Who will be the knight in the shining armour?

And now, after a few months, it seems we finally have an answer. That distinction goes to the Government of India and in today’s episode for 13th January 2022, we see how they came to own a majority stake in the company.