Govt agrees to raise stake in Voda Idea to 49 pc with fresh share acquisition worth Rs 37,000 cr

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The government of India has decided to convert outstanding spectrum auction dues into equity shares in Vodafone Idea, thus increasing its stake from 22.6 per cent to 48.99 per cent. The conversion involves issuing shares worth Rs 36,950 crore, with the company retaining operational control.

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Govt agrees to raise stake in Voda Idea to 49 pc with fresh share acquisition worth Rs 37,000 cr

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