Voda can do it.:-Govt to convert VI's outstanding spectrum dues into equity shares worth Rs 36,950, stake to increase to 48.99%:-ET

The Centre will convert a part of Vodafone Idea’s (Vi) spectrum payment dues into equity shares worth Rs 36,950 crore, reducing the cash-strapped telco’s statutory liabilities by that amount to boost its commercial viability and help prevent an industry duopoly.

The move, sought by the beleaguered telco, will increase the government’s stake in Vi to around 48.99%, from 22.6% now.

Read more at:
https://economictimes.indiatimes.com/industry/telecom/telecom-news/govt-to-convert-vis-outstanding-spectrum-dues-into-equity-shares-worth-rs-36950-stake-to-increase-to-48-99-pc/articleshow/119761033.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst