Overview
- Reports say Tillman Global Holdings has submitted a proposal and its funding is contingent on a comprehensive government package addressing AGR and spectrum liabilities.
- Sources indicate Tillman would become promoter and assume control from Aditya Birla Group and Vodafone Plc, with the government remaining a passive shareholder around 49%.
- The court said the government may reconsider all AGR dues as of FY2016-17, including interest and penalties, with the written order expected shortly, offering Vodafone Idea potential relief.
- Vodafone Idea shares rose on the developments, with intraday gains reported in the high single to low double digits across exchanges.
- People familiar with the talks say any deal could take months and depends on simultaneous agreement on restructuring terms and government approval, with no final accord yet.