New Delhi; The decision to convert Rs 37,000 crore of outstanding share in vi into government shares, debt-ridden Vodafone Idea owes the central government a total of Rs 1.10 lakh crore in spectrum dues.
what is the latest news of share in vi
Now, the government has decided to convert Rs 36,950 crore of this into shares. After this, the government is set to emerge as the largest shareholder of the company.
Vodafone Idea has said that the Union Ministry of Telecommunications has agreed to convert the company’s spectrum dues into shares as per the Relief and Assistance Scheme introduced in 2021 to provide relief to telecom companies.
It has also been informed that the scheme will be implemented within 30 days after obtaining approval from other relevant agencies including SEBI.
Key information
Vodafone owes the government a total debt of Rs. 2.12 lakh crore,
The spectrum auction dues are Rs. 1.10 lakh crore,
The government is to convert the balance into shares of Rs. 36,950 crore,
3,695 crore shares of Rs. 10 each are to be issued.
The remaining debt is Rs. 1.65 lakh crore,
If the government converts its entire debt into shares, its share will increase to 75 to 80 percent.
This decision of the government will significantly reduce the amount of installments to be paid by Vodafone for the next two financial years.
Before 2025-26, Rs. 29,000 crore, now Rs. 11,000 crore, before 2026-27, Rs. 43,000 crore, now Rs. 17,000 crores,
Shareholders Share (in percent) Currently after change Central Government 22.60 48.99 Vodafone Plc, 24.39 16.10 Aditya Birla Group 14.00 9.40,
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