In fresh Rs 37k crore lifeline to Vi, government converts dues into equity
The government has decided to convert Rs 36,950 crore of Vodafone Idea's spectrum dues into equity, making it the largest shareholder with almost 49% stake. Promoters' holding will fall to 26%, while the move aims to free cash flow for the company to invest in 5G rollout and improve services.
The government has decided to convert Rs 36,950 crore of Vodafone Idea's spectrum dues into equity, making it the largest shareholder with almost 49% stake. Promoters' holding will fall to 26%, while the move aims to free cash flow for the company to invest in 5G rollout and improve services. What's Your Reaction?
