Indus removes Q2 quarterly report para on Govt equity conversion in Vodafone Idea

Indus Towers has withdrawn a key paragraph from its quarterly report for July-September that had erroneously said that company law norms barred the government from taking equity in Vodafone Idea (Vi) if the telco’s shares are trading below their par value.

Vi had in a late evening statement on Monday said that there is no such rule barring the government from taking equity in the telco even if the company’s shares are trading below their par value.