business / news / / India.com
Vodafone Idea (Vi) at present is undergoing a tough phase, as the company is in need of almost Rs 45,000 to Rs 50,000 crore for survival and growth.
The Indian government now holds a 49% stake in Vodafone Idea after converting Rs 37,000 crore dues to shares.
KEY POINTS
- Vodafone Idea still needs Rs 45,000-50,000 crore despite government relief for 5G expansion and survival.
- Potential investors include JSW Group and Adani Group, which could dilute existing promoters' stakes further.
- Vi's declining 22 crore user base underscores its urgent need for investment to remain the third major telecom player.
COMPANIES
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