In January, the board of the telecom company decided to convert interest with a net present value of 16,000 crore on deferred dues into equity for the government. This is as per the telecom reforms package which gave companies a four year moratorium on dues and option to convert interest into equity.
Currently, Vodafone Group and Aditya Birla Group have 44.39 per cent and 27.66 per cent stake, respectively.
This story is from the March 07, 2022 edition of Business Standard.
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This story is from the March 07, 2022 edition of Business Standard.
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