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In fresh Rs 37k crore lifeline to Vi, government converts dues into equity

Times of India LogoTimes of India3d ago

In fresh Rs 37k crore lifeline to Vi, government converts dues into equity - Times of India

Quick Summary:

The government has decided to convert Rs 36,950 crore of Vodafone Idea's spectrum dues into equity, making it the largest shareholder with almost 49% stake.

Promoters' holding will fall to 26%, while the move aims to free cash flow for the company to invest in 5G rollout and improve services.

In the next fiscal year, it was required to pay close to Rs 30,000 crore to govt towards spectrum and AGR dues, with the amount projected to rise further in 2026-27.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-31 @ 03:18:40 (3 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 754 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 27449916

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 27 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

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