Govt holds 35.8% stake in Vodafone Idea after convert dues liability into equity

Share price down: Govt holds 35.8% stake in Vodafone Idea after convert dues liability into equity

Vodafone Idea stock price was down almost 9% to Rs 14.10 in early trade today. The company’s board has approved the conversion of the entire amount of interest to be paid into equity on its spectrum auction installment and AGR dues. This conversion will dilute the stake of the promoter and existing shareholders of the … Read more