Govt scouting for investor willing to infuse $1 billion to pick up 12-13% in Vodafone Idea

The Centre is seeking to onboard a strategic investor that’s willing to commit $1 billion (around ₹8,800 crore) into loss-making Vodafone Idea and take a 12-13% stake, officials familiar with discussions told ET . One official said promoters Aditya Birla Group (ABG) and the UK’s Vodafone will have the option to dilute their stake, as the government wants to stay invested for some more time.

“Options are being deliberated about the potential investor, either local or foreign, who can put in capital and also play an active role in running company operations,” the official said on the condition of anonymity. The government expects the new investor to take the loss-making telco forward with new ideas too.