No bar on govt taking equity in company even if shares below par value: Vodafone Idea

New Delhi: Vodafone Idea Monday said that there is no such rule that bars the government from taking equity in the telco even if the company’s shares are below the par value.

In a statement, the loss-making telco said that the quarterly report of tower company Indus Towers has “erroneous reported” that there is such a a guideline, citing company law.