Govt to convert Vodafone Idea's Rs 36,950 crore spectrum dues into equity
The government is set to increase its stake in Vodafone Idea to 48.99% by acquiring shares worth Rs 36,950 crore in exchange for spectrum auction dues. This move, following a relief package introduced in 2022, aims to alleviate Vodafone Idea's financial distress and address the company's significant debts and AGR obligations.
The government is set to increase its stake in Vodafone Idea to 48.99% by acquiring shares worth Rs 36,950 crore in exchange for spectrum auction dues. This move, following a relief package introduced in 2022, aims to alleviate Vodafone Idea's financial distress and address the company's significant debts and AGR obligations.
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