In a notable divestment, Ericsson India has liquidated nearly 1% of its stake in Vodafone Idea, generating Rs. 428 crore through an open market transaction. The deal—executed at an average price of Rs. 6.76 per share—comes as Vodafone Idea continues to navigate deep financial turbulence, including massive debt obligations and pending dues. While the telco recently reported narrowed quarterly losses and revenue growth, it remains encumbered by liabilities exceeding Rs. 1.94 lakh crore.
