💨 Abstract

The Indian government will increase its stake in Vodafone Idea to approximately 48.99% by converting 369.5 billion rupees in outstanding spectrum auction dues into equity. The move aligns with the government’s September 2021 relief package for the telecom sector and will boost the government’s share in the company, which is already the largest shareholder.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖