Tag: government bailout
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Vodafone Idea Secures Lifeline: Government Converts Rs 36,950 Crore Dues Into Equity
Of this, 36,950 crore rupees of the dues accrued by Vodafone Idea (Vi) have been converted into equity by the Indian government. As a result, the stake has jumped from 23% to nearly 49%. Vodafone Idea will now issue 369.5 crore shares at the price of Rs 10 per share. This will be close to ...