Finance ministry to decide on government Stake in Vodafone Idea: Devusinh Chauhan - Business News: Latest News & Videos about market and economy | Trendmergers

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Finance ministry to decide on government Stake in Vodafone Idea: Devusinh Chauhan

The government "can sell these (Vi) shares at (an) appropriate time and thereby receive the amount due", he said. "Vi has exercised its option for converting its interest liabilities into equity, (and) as per a Cabinet decision, the finance ministry shall finalise the procedure, method, rate of conversion, mix of equity and preferential capital (if any), in compliance with Sebi and other relevant guidelines," Chauhan said in his reply to a query in the Rajya Sabha.

from Industry-Economic Times
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