Government stake in Vodafone Idea to increase to 48.99 pc with fresh acquisition of shares worth Rs 36,950 cr

Vodafone Idea announced that the government's stake in the company will rise to 48.99% following the acquisition of shares worth Rs 36,950 crore. This move aligns with the September 2021 Telecom Sector Reforms and involves converting outstanding spectrum auction dues into equity. The government stake will increase from 22.60%, with promoters maintaining operational control.