Bengaluru: Indian Telecom Operator Vodafone Idea Ltd. said on Tuesday that its board has approved the conversion of the entire amount of interest related to spectrum auction installments and dues to the government for utilization of airwaves into equity.
After the conversion, the Government of India will hold approximately 35.8% of the total outstanding shares of the company, vodafone Idea said in a statement. promoter shareholder Vodafone Group will hold approximately 28.5% and Aditya Birla Group About 17.8%.
After the conversion, the Government of India will hold approximately 35.8% of the total outstanding shares of the company, vodafone Idea said in a statement. promoter shareholder Vodafone Group will hold approximately 28.5% and Aditya Birla Group About 17.8%.
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