Question
Prior to the 5G auction, which starts from July 26, the
government will convert its debt into equity in Vodafone Idea. After the equity conversion, the government will hold a ___% stake in Vodafone Idea.Solution
Prior to the 5G auction, which starts from July 26, the government will convert its debt into equity in Vodafone Idea. The move will help telecom operators who are under financial pressure to reach their Rs 25,000-crore fund target. After the equity conversion, the government will hold a 32% stake in Vodafone Idea and the promoter stake will dilute to around 50% from the current 75%.
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