Vodafone Plc, which owns 45 per cent stake in Vodafone Idea (Vi), is ready to offer its stake for free to Indian banks/financial institutions or to the government-owned Bharat Sanchar Nigam (BSNL), provided they take over the wireless telephony company, said banking sources.
Lenders said if BSNL takes over the company, government dues to be paid by the merged BSNL-Vi entity will be a book entry.
“We are looking at various options since both promoters — Aditya Birla Group (ABG) and Vodafone Plc — are ready to offer their stake for free to lenders or to BSNL. If BSNL takes over the