ST Telemedia, JSW Group Among Investors in Talks for Vodafone Idea Stake

Singapore-based ST Telemedia and India's JSW Group, along with other domestic and global investors including US-based Tillman Global Holdings, are in exploratory talks to acquire a stake in Vodafone Idea (Vi). The discussions follow significant financial relief from the Indian government, which holds nearly 49% of Vi. The company's management plans to meet institutional investors in Singapore and Hong Kong in mid-March. It remains undecided whether the stake acquisition would involve promoter share sales or fresh equity issuance.