Govt Exempted from Making Open Offer to Vi Shareholders
The Securities Exchange Board of India (SEBI) has exempted the Government of India (GoI) from making an open offer to the shareholders of Vodafone Idea Limited (VIL) pursuant to the proposed acquisition of a 33% stake in the telco. SEBI said that the GoI could skip this process, and this means that the equity conversion process for the company has just become easier and will happen faster too. For the... Read More