Centre to acquire Vi stake after share price stabilises at ₹10 or above

The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at ₹10 or above, according to an official source.

Vodafone Idea (VIL) board has offered a stake to the government at a par value of ₹10 per share.

“There is a SEBI norm that the acquisition should take place at par value. DoT will clear the acquisition after VIL shares stabilise at ₹10 or above,” an official source told PTI.