The government is likely to complete conversion of around Rs 16,100 crore dues into 33 per cent stake in Vodafone Idea in the coming weeks. As part of the telecom reforms package, the company has opted for converting government dues into equity and its proposal has been confirmed by the Department of Telecom (DoT).
Post the conversion, the government will hold 33 per cent stake in the company and promoters' holding will come down from 74.99 per cent to 50 per cent.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.
