Govt Stake in VIL at Rs 8.2919 per share?

On September 15 last year the union cabinet had announced telecom reforms, which included an option to telcos for converting into government equity, of their pending spectrum and adjusted gross revenue (AGR) dues including interest thereof. For converting dues and interest into equity, average of weekly high and low of the volume weighted average price of the equity shares during the last 26 weeks preceding the relevant date and the last two weeks preceding the relevant date, was to be considered.