Overview

• Union Telecom Minister Jyotiraditya Scindia said the Centre will keep its holding at 49% and will not seek a larger share in the company.
• The government became the largest shareholder in March by converting Rs 36,950 crore of dues into equity.
• Vodafone Idea’s AGR obligations total about Rs 83,000–83,400 crore, and the company has sought waivers on roughly Rs 45,000 crore tied to interest and penalties.
• An amended petition seeking waiver of interest and penalties and a recalculation of liabilities is listed before the Supreme Court on October 13.
• Reports indicate officials are exploring a potential strategic investor to inject about $1 billion for a 12–13% stake, though no decision has been announced.