Government of India’s Ministry of Communications have decided to convert Vodafone Idea Ltd’s outstanding spectrum auction dues into equity shares, increasing its stakeholding in the firm to 48.99 per cent, according to the exchange filing on Sunday, March 30.
“It is hereby informed that Ministry of Communications, Government of India has, in line with the September 2021 Reforms and Support Package for Telecom Sector has decided to convert the outstanding spectrum auction dues, including deferred dues repayable after expiry of the moratorium period, into equity shares to be issued to the Government of India under Section 62(4) of the Companies Act, 2013,” said the company in the BSE filing.
According to the filing data, ₹36,950 crore is set to be converted into 3,695 equity shares with a face value of ₹10 apiece. The government of India’s stake in the telecom operator will increase from its current levels of 22.60 per cent to nearly 48.99 per cent after the issue of the equity shares.
Vodafone Idea Share Price
Vodafone Idea shares closed 1.73 per cent lower at ₹6.81 after Friday’s stock market session on March 28, compared to ₹6.93 at the previous market close.
The stock is currently trading right above its 52-week low level at ₹6.60 on November 22, 2024, while the 52-week high level was at ₹19.15 on June 28, 2025, according to the BSE data.
Vodafone Idea shares have given stock market investors more tan 116 per cent returns in the last five years. However, the stock has lost 51.43 per cent in the last one-year period.
(This is a breaking story. The story will be updated soon)