Time for Vodafone Idea to act: Management must aim to raise capital

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Time for Vodafone Idea to act: Management must aim to raise capital - Business Standard

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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.

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.