Vodafone Idea to amend shareholders ‘ pact to let promoters keep control

Debt-ridden Vodafone Idea on Friday said its board has approved an amendment in shareholders’ agreement to enable promoters Aditya Birla Group and Vodafone Group to retain governance and management rights in the company notwithstanding the increased government’s stake at 48.99 per cent.

The company will convene an extraordinary general meeting on June 3 to seek shareholder’s nod for the same, according to a regulatory filing.