Govt to increase stake in Vodafone Idea with ₹36,950-Crore debt-to-equity swap
The Centre has decided to increase its stake in Vodafone Idea from 22.60 per cent to 48.99 per cent by converting debt worth ₹36,950 crore into equity. This move will dilute the stakes of the Aditya Birla Group and Vodafone Plc, though they will continue …