Govt to convert Vodafone Idea’s Rs 36,950 crore spectrum dues into equity – The Times of India
NEW DELHI: The government has agreed to increase its stake in Vodafone Idea to 48.99 per cent through a fresh acquisition of shares worth Rs 36,950 crore in exchange for outstanding spectrum auction dues. In a regulatory filing on Sunday, Vodafone Idea confirmed the move, which will see the government significantly boost its shareholding in…