India's Vodafone Idea up on reports of $6 bln investment talk with PE firm TGH

Vodafone Idea

03/11/2025 04:12

** Shares of Vodafone Idea VODA.NS rise 4.5% to 9.12 rupees

** US PE firm Tillman Global Holdings (TGH) is in negotiations to invest $4-6 billion in Vodafone Idea and take operational control, the Economic Times reports

** Investment will happen only if government provides a comprehensive package covering all the liabilities including dues based on adjusted gross revenue and spectrum payment, report adds

** "If the deal happens, TGH will take the promoter status and take control from existing promoters Aditya Birla Group and UK's Vodafone,", a source told to ET

** Vodafone Idea, Aditya Birla and TGH did not immediately respond to a Reuters' requests for comment

** Analysts on avg rate stock "hold"; median PT at 6.25 rupees, per data from LSEG

** YTD, VODA up ~15%

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com))