Sebi Exempts Government from Open Offer in Vodafone Idea Stake Hike

Sebi has exempted the government from making an open offer after acquiring a 48.99% stake in Vodafone Idea through a ₹36,950 crore debt-to-equity conversion. The exemption, granted in the “larger public interest,” prevents further financial burden on the government while ensuring Vi’s stability without altering its management or control structure.