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Biden s Off to a Small Start in Rallying the World s Democracies

Biden’s Off to a Small Start in Rallying the World’s Democracies Biden’s Off to a Small Start in Rallying the World’s Democracies Tuesday, 3 August, 2021 - 04:00 Hal Brands is the Henry A. Kissinger Distinguished Professor at the Henry A. Kissinger Center for Global Affairs at Johns Hopkins University s School of Advanced International Studies and a senior fellow at the Center for Strategic and Budgetary Assessments. His latest book is American Grand Strategy in the Age of Trump. A A Joe Biden has promised to make his presidency an era of democratic multilateralism. The world’s democracies, he argues, must come together to deal with a surging authoritarian challenge.

Keeping telco alive immediate priority: Aditya Birla Group not planning to buy shares of Vodafone Idea from co-promoter

Synopsis If equalisation of stakes doesn’t happen even in four years, the UK telecom major can sell its holdings to reach ABG s level from the start of the fifth year to the 10th. Vodafone holds 44.39% of Vi. Agencies The Aditya Birla Group (ABG) has no plans to exercise its option under an existing shareholder pact to buy shares of Vodafone Idea from co-promoter, the UK s Vodafone Group, and increase its 27.66% stake, two people aware of the matter said. Under the pact, ABG has the option to buy additional shares at Rs 130 apiece from Vodafone Group to raise its holding in Vi to 35.5% within three years of the closure of the merger between Vodafone India and Idea Cellular, which took place August 31, 2018. It can also buy the shares at the prevailing Vi stock price in the fourth year of the merger closing, under an agreed equalisation formula.

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