Govt gets 33.44% stake in Vodafone Idea after equity allocation

Vodafone Idea's board on Tuesday approved the allotment of equity shares worth ₹16,133 crore to the government. The government will now own 1,613 crore shares for ₹10 each, which is 33.44% stake in the firm. The government has been allocated the shares in lieu of conversion of interest dues arising from deferment of adjusted gross revenue and spectrum auction payments.