US EditionGovt's Stake In Vodafone Idea Set To Rise To 48.99% After Spectrum Dues Convert To Equity Shares
- The government's stake in Vodafone Idea will increase from 22.60% to approximately 48.99% after converting Rs 36,950 crore in spectrum dues to equity shares.
- Vodafone Idea is required to issue 3,695 crore equity shares at an issue price of Rs 10 each within 30 days of the order, according to a regulatory filing.
- This decision aligns with the telecom sector relief package announced in September 2021, and the Ministry of Communications directed the share issuance under the Companies Act.
- Despite the government increasing its stake, Vodafone Idea assured that the promoters will retain operational control of the company.
21 Articles
21 Articles
Government to own majority stake in Vi, what does it mean for users?
India's telecom sector primarily features two major players: Jio and Airtel. Additionally, there are two other companies, Vodafone Idea (Vi) and Bharat Sanchar Nigam Limited (BSNL). Among these, BSNL is working on a revival, buoyed by government support for the rollout of indigenous 4G and 5G networks, along with budget allocations to expand infrastructure. On the other hand, Vi continues to face challenges due to statutory liabilities, includin…
Centre To Convert Vodafone Idea Spectrum Dues Worth Rs 36,950 Crore Into Equity
Vodafone's spectrum auction dues worth Rs 36,950 crore will be converted into equity by the government, which will increase its holding in Vodafone Idea to 48.99 per cent - up from 22.6 per cent.
Govt to convert Vodafone Idea’s Rs 36,950 crore dues into equity, stake to rise to 49%
In a press statement, Vodafone Idea said the Ministry of Communications had issued an order on March 29, 2025, approving the conversion in line with the September 2021 Telecom Reforms Package.
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