On Tuesday 11th January 2022, Vodafone Idea announced the conversion of its Interest due on Spectrum and AGR to equity which will make the Government of India, the largest shareholder of the company. What’s more in the announcement and what should shareholders do after this announcement, let’s discuss it in detail in this article.
Before moving to any further points, a Retail Investor should first ask whether they are investing in growth stocks? If we look at the case of Vi and TTML, the company is highly in a survival stage, and hence one should understand the difference between Growth Stocks and Surviving Stocks. Retail Investors should strongly assess the fundamentals of the company and then only should make an investment decision. Looking at the current situation of the company, a Retail Investor should avoid this counter.
Originally Published On: https://blog.investyadnya.in/goverment-of-india-to-own-stakes-in-ttml-and-vodafone-idea/