‘Willing to hand over VIL stake’
The Hindu
Birla tells Centre ‘overseas investors need clarity’ on norms
Vodafone Idea chairman Kumar Mangalam Birla has told the government that he is ‘willing’ to hand over his stake in the struggling telco to any entity, public or private, that could keep the company as a going concern. In a letter written in June to Cabinet Secretary Rajiv Gauba, the billionaire businessman also pointed out that potential foreign investors were hesitant to invest in Vodafone Idea Limited (VIL) due to lack of clarity from the government on issues such as adjusted gross revenue (AGR) liability, moratorium on spectrum payments and a floor pricing. Mr. Birla emphasised that without the government’s immediate active support on these three issues, Vodafone Idea’s financial situation would drive its operations to an “irretrievable point of collapse”.More Related News
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.