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Top headlines: Govt becomes Vi's largest shareholder; IPL gets new sponsor

Business Standard brings you the top headlines on Tuesday

Vodafone Idea
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BS Web Team New Delhi
Govt set to become largest shareholder of Vi, to own 35.8% stake

The government is set to become the largest shareholder of Vodafone Idea as it has opted to convert interest on deferred spectrum and adjusted gross revenue dues into equity.

The Centre in its telecom reforms package last October granted telecom companies a four-year moratorium on spectrum and AGR dues. Companies were also granted an option to convert interest on deferred liabilities into equity. Read more

Tata Group to replace Vivo as IPL title sponsor from this year

One of India's largest business conglomerates, the Tata Group, will replace Chinese