Share issue to govt expected in a month's time: Vi CEO Ravinder Takkar

Takkar reiterated that the company's existing promoters and management will continue to be in charge of the company. There will be no government nominees on the board either.

The central government will neither take a seat on the board of Vodafone Idea (Vi) nor manage the company, its Managing Director and Chief Executive Officer Ravinder Takkar said on Wednesday. He reiterated that the telecommunications (telecom) company’s existing promoters and management will continue to be in charge.

Vi also expects to issue shares to the government next month. The company has shared its calculation with the Department of Telecommunications (DoT). Once the amount is certified, shares will be allotted to the government. “My hope is that it will be done in the coming month,” said Takkar.

On Tuesday, the board of