JSW, ST Telemedia among firms eyeing stake in Vodafone Idea

Vodafone Idea is drawing interest from several potential investors as it looks to restructure its finances. Indian conglomerate JSW Group and Singapore-based ST Telemedia are in talks to buy a stake, according to people familiar with the matter. US-based Tillman Global Holdings is also exploring an investment, and a few large Indian business houses are said to be in the mix, though their names are not yet known.

The interest comes as Vodafone Idea tries to repair its balance sheet, cut debt, and fund long-delayed network upgrades. Any deal would likely focus on fresh capital and could influence how the company competes with Reliance Jio and Bharti Airtel in India’s telecom market.