News > Vodafone-Idea AGR dues settlement: Govt may hold 35.8% stake

Vodafone-Idea AGR dues settlement: Govt may hold 35.8% stake

Firstpost | 11/01/2022 05:06 PM | Click to read full article

Debt-ridden Vodafone Idea (VIL) has decided to opt for converting about Rs 16,000 crore interest dues liability payable to the government into equity which will amount to around 35.8 percent stake in the company, as per a regulatory filing of the telecom firm.

If the plan goes through, then the government will become one of the biggest shareholders in the company which is reeling under a debt burden of about Rs 1.95 lakh crore.