Vodafone Idea government stake: The government will own about 35.8% of the total shares of the company, Vodafone Group Plc will own around 28.5% and Aditya Birla Group will own about 17.8 percent stake.
Sony Pictures Entertainment Inc. (SPE) will own around 50. 86 percent stake in the new merged entity, while Zee founders will own a 3.99 percent stake. The remaining 45.15 percent stake will be held by public shareholders.
The REC Solar Holdings AS (REC Group) is an international pioneering solar energy company that was founded in 1996. Its roof-mounted solar panels have long durability with the capability of lasting for at least 25 years.
KKR-Jio Deal: Equity firm KKR to invest Rs 11,367 crore in Reliance Jio Platforms for 2.32% stake. This is fifth such deal in last 30 days after Facebook, Silver Lake, Vista and General Atlantic. Know everything here about KKR-Reliance Jio Deal.
Facebook-Jio deal comes amid the outbreak of Coronavirus (COVID-19) that has impacted the economy worldwide. The partnership will help revive the Indian Economy and overcome the disruptions caused by the deadly virus.
The amalgamation will give management control to Vodafone Idea to run businesses of the subsidiaries, strengthen its financial position and raise resources against the assets owned by ABTL such as investments in mutual funds, Indus Towers stake including monetisation of such assets.