Govt has no intention to run Vodafone Idea, says telecom firm's CEO

The government will own 35.8 per cent in the financially-stressed firm that has agreed to convert interest on deferred statutory dues.

The government has no desire to run Vodafone Idea or in appointing a board member, said the company's top executive a day after the telecom firm agreed to convert interest on deferred statutory dues. 

"The government is very clear. They want us to run the company. They want the promoters to run the company," said Ravinder Takkar, managing director and chief executive officer of Vodafone Idea at a media conference on Wednesday. "I'm saying that based on personal conversation with the government."

The government will own 35.8 per cent in in the financially-stressed firm. This makes the government the single-largest