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Govt to up stake in Voda Idea to 49%
March 31, 2025
|The New Indian Express Madurai
THE government has decided to convert Vodafone Idea's outstanding spectrum auction dues of ₹36,950 crore into equity shares, thus increasing its stake in the telecom company from 22.6% to 48.99%.
The country's third largest telecom company informed the exchanges that the government will receive 3,695 crore equity shares at the face value ₹10 per share. The conversion follows an order dated 29 March 2025, received by the company on 30 March. The issue price was determined based on SEBI regulations, considering the 90-day and 10-day volume-weighted average price preceding 26 February 2025 (Relevant Date).
هذه القصة من طبعة March 31, 2025 من The New Indian Express Madurai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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المزيد من القصص من The New Indian Express Madurai
The New Indian Express Madurai
₹7,300 cr push for rare earth atmanirbharta
AMID a shortage of rare earth magnets blamed on China's export restrictions, the Centre on Wednesday approved a ₹7,280-crore scheme to boost domestic manufacturing of these critical materials.
1 min
November 27, 2025
The New Indian Express Madurai
IPOs DO BOTH: REWARD RISK AND FUND GROWTH
WHAT has been whispered for long was coherently amplified by India's Chief Economic Advisor, V Anantha Nageswaran, at a recent industry conclave.
1 mins
November 27, 2025
The New Indian Express Madurai
EC concerned over Bengal CEO's safety, Didi ups ante
EXPRESSING serious concern over a security breach at the West Bengal Chief Electoral Officer's (CEO) office, the national poll body on Wednesday sought an action-taken report (ATR) from Kolkata Police Commissioner Manoj Verma within 48 hours about the safety of the poll officers.
2 mins
November 27, 2025
The New Indian Express Madurai
Don't want food on VB? Ensure you tick the box while booking
IRCTC's decision to relocate the 'no food' option while booking Vande Bharat train tickets online has caused considerable confusion among commuters.
1 mins
November 27, 2025
The New Indian Express Madurai
CJI says will 'consider' petition to revive NJAC, end collegium system
THE Supreme Court on Wednesday said that it will consider a plea to revive the National Judicial Appointments Commission (NJAC) to replace the current collegium system for appointment of judges in the higher judiciary.
1 mins
November 27, 2025
The New Indian Express Madurai
'Constitution Day must be celebrated in schools': Modi hails right to vote
PRIME Minister Narendra Modi on Wednesday underscored the responsibility of strengthening India's democracy by exercising the right to vote, saying that Constitution Day should also be observed in schools and colleges by celebrating young people turning 18.
1 min
November 27, 2025
The New Indian Express Madurai
Kharif season: Record production of rice, but oilseeds & pulse output down
THE agriculture ministry said the country's rice production during the kharif season that ended in October reached a record 124.
1 mins
November 27, 2025
The New Indian Express Madurai
₹95cr pension arrears: HC tells secy to appear in court
THE Madras High Court has ordered the state finance secretary T Udhayachandran to personally appear before the court on December 5, in connection with a petition related to delay in settling long-pending pension benefits to the retired staff of University of Madras.
1 min
November 27, 2025
The New Indian Express Madurai
Cages in MTR to catch tiger that killed woman
OFFICIALS of the Mudumalai Tiger Reserve (MTR) have decided to capture the tiger (MTRT37) that killed a tribal woman by placing two cages at Mavanallah near Masinagudi.
1 min
November 27, 2025
The New Indian Express Madurai
Constitution a guiding vision for India's rise, says Prez
PRESIDENT Droupadi Murmu and Vice-President C P Radhakrishnan reminded the nation on Constitution Day on Wednesday that India's democratic spirit, rooted in its people and its Constitution, continues to guide the country's ambitious journey toward becoming a developed nation.
1 mins
November 27, 2025
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