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Time for Vi to act
Business Standard
|April 02, 2025
Management must aim to raise capital
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The Union government has given a fresh lifeline to Vodafone Idea (Vi) by converting the telco's outstanding spectrum-auction dues into equity shares, worth ₹36,950 crore, at a premium, in the process raising its stake to around 49 per cent in the company from 22.6 per cent. However, the relief extended by the government, as part of the 2021 Telecom Reforms and Support Package, will help the struggling telecom operator only in the short term. While the Centre could convert further dues of Vi into equity shares later, if the need arises, such a scenario may mean Vi becoming a public-sector undertaking (PSU), with the government holding crossing 50 per cent.
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