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Vodafone Idea Decides To Converse Debts Into Equity, Government Owns The Share

Vodafone Idea Decides To Converse Debts Into Equity, Government Owns The Share

On Tuesday, Vodafone-Idea informed the exchanges about the decision of resolving debts and interests converting into government equity. The company decided to adjust the gross revenue dues by converting them into equity.  This is a smart business move by Vodafone. Vi was under debt, which exceeded Rs 2 lakh crore, and tried methods to raise…