Govt to Buy VIL shares at Rs 10 per share

Vodafone and Idea merged to form one unified brand VIL on 31 August 2018.

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Vodafone Idea Limited has not performed well as its competitors Jio and Airtel are offering better services at cheap prices

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Similar to companies performance share price of Vodafone Idea Limited is also moving in a range over past few months

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According to sources Govt of India is interested to buy shares of VIL when the share price reaches 10 and sustains above Rs 10

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The Finance Minister had cleared the proposition to procure a stake in VIL in July

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Debt-ridden Vodafone Thought (VIL) has chosen to select paying over Rs 16,000 crore of interest responsibility payable to the public authority into shares

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Vodafone and Idea merged to form one unified brand VIL on 31 August 2018.

Vodafone Idea Limited has not performed well as its competitors Jio and Airtel are offering better services at cheap prices

Similar to companies performance share price of Vodafone Idea Limited is also moving in a range over past few months

According to sources Govt of India is interested to buy shares of VIL when the share price reaches 10 and sustains above Rs 10

The Finance Minister had cleared the proposition to procure a stake in VIL in July

Debt-ridden Vodafone Thought (VIL) has chosen to select paying over Rs 16,000 crore of interest responsibility payable to the public authority into shares

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