In fresh Rs 37k crore lifeline to Vi, government converts dues into equity

9Lej Gain
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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.

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