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Center acquires loss-making ‘VI’ stake *

New Delhi
Vodafone, a multi-billion greenback non-public cell operator, has been acquired by the central authorities. The Heart equally agreed with the corporate’s declare that it couldn’t pay the federal government in money for the spectrum public sale merchandise. Greater than Rs 50,000 crore is due for spectrum public sale and Rs 16,000 crore in curiosity. The federal government now owns 35.8 per cent stake in a personal telecom firm. With this, Vodafone Group can have a 28.5 per cent stake within the firm and Aditya Birla Group can have a 17.8 per cent stake. Shares of the loss-making firm are being picked up as PSUs, together with BSNL, rush to promote.

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