Government of India to control 35.8% stake in Vodafone Idea


The Government of India is all set to control 35.8 per cent stake in Vodafone Idea as the company’s board has approved conversion of dues into equity. The debt-laden Vodafone Idea, a joint venture of UK-based Vodafone Group and Kumar Mangalam Birla-led Aditya Birla Group, has opted for conversion of interest on deferred spectrum and Adjusted Gross Revenue (AGR) liabilities into equity. The conversion will result in dilution to all the existing shareholders of the Company, including the Promoters.

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.



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