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Govt gets 33.44% stake in Vodafone Idea after equity allocation
short by Srishty Choudhury / on Tuesday, 7 February, 2023
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.
read more at Moneycontrol