Vodafone Idea AGR Dues Settlement: Govt to Own 35.8% in the Company

SVK

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Airtel 4G
^^^
Could be the same reasons why they are selling some PSUs and Air India.
Govt might not want (and should not) be part of any business.
 
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Modiji wants to "implement neoliberal economic policies" is the reason.

Govt .... (and should not) be part of any business.

Oh boy.

Can anyone explain what are the implications of govt not looking into operations and exiting when Vi stabilises?

You can read about other countries' that follow the same neoliberal economics.