NEW DELHI: Telecom operators Vodafone Idea Ltd (VIL), Tata Teleservices Ltd and Tata Teleservices (Maharashtra) Ltd (TTML) will not become public sector undertakings after their interest payable on dues are converted into government equity, the communications ministry said on Wednesday. The three debt-ridden companies have proposed to convert their interest liability payable to the government into equity. “These three companies will not become PSUs. These three companies will continue to be managed as professionally run private companies,” Telecom ministry said in a statement. Post conversion, the government would have 35.8 per cent in VIL and the shareholding in TTML at around 9.5 per cent.
- army: Ten Pakistani soldiers killed in insurgent attack, army says – Times of India
- US may soon have first black woman on SC bench – Times of India
- breyer: Liberal US Supreme Court Justice Breyer to retire, Biden gets to appoint successor – Times of India
- US funding to WHO fell by 25% during pandemic – Times of India
- google: Texas, Washington, DC sue Google over location-tracking practices – Times of India