India to own 35.8% in Vodafone Idea after conversion of dues

Vodafone Idea said on Tuesday the Indian government will own 35.8% of the company after the third-largest telecom operator’s board approved conversion of dues and spectrum auction instalments into equity. The operator, which is a joint venture between the British giant Vodafone Group and billionaire Kumar Mangalam Birla’s conglomerate, owed the government dues of roughly […]...