JSW, ST Telemedia among firms eyeing stake in Vodafone Idea
New Delhi: Singapore-based ST Telemedia and India’s JSW Group have joined a few domestic and global investors that are in discussions with Vodafone Idea (Vi) for acquiring a potential stake, people aware of the matter said.
The investor interest in the loss-making and debt-heavy telecom operator comes after it received substantial financial relief from the Centre, which is also its largest shareholder. The talks are exploratory in nature and there is no certainty of a deal happening, the people told ET.
