BusinessWorld | 23/08/2021 05:34 PM | Click to read full article
The government is against the merger of crisis-laden Vodafone Idea with state-owned BSNL and MTNL. This comes after Kumar Mangalam offered to hand over his 27% stake in the company, to “any entity — public sector/government /domestic financial entity” in the name of “national interest”.
The merger may not do any good to either of the entities. NITI Aayog also believes that it will lead to further “erosion in value” of Vodafone Idea.