Voda Group, Aditya Birla may dilute their stake in Voda Idea

Vodafone Group Plc and Aditya Birla Group may cede control of Vodafone Idea Ltd (VIL) if a strategic investor wants to take control of the telco, two people directly aware of the internal discussions said.

The development marks new thinking on the part of Vodafone Idea’s promoters, who were initially looking to bring in financial investors but have not been successful in raising the required funds, putting a question mark on the telco’s survival, the people cited above said, requesting anonymity.

“The initial plan was to get an investor in and, alongside, the two promoters would have invested some more equity; but that plan has not worked out so far,” said one of the two people cited above.