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Birla is reportedly ready to give Vodafone Idea to the Indian government

2 Aug 2021, 14:03

Birla is reportedly ready to give Vodafone Idea to the Indian government

The Indian billionaire with a 27% stake in the telecom operator has reportedly written to the government.
In a letter to the government, Birla said potential investors want to see ‘clear government intent’ to have a three-player telecom market.
Vodafone Idea’s current market capitalisation stands at ₹24,000 crore, which means Birla’s 27% stake is worth ₹6,500 crore.

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