Centre’s stake in VI rises to 49 per cent, converts Rs 36,950 crore dues into equity

The union government has decided to convert Vodafone Idea’s unpaid spectrum auction dues of Rs 36,950 crore into equity shares. This move will increase the government’s stake in the telecom company from 22.6% to 48.99%.

Vodafone Idea informed stock exchanges that the government will receive 3,695 crore equity shares at Rs 10 per share. The conversion follows an order dated 29 March 2025, which the company received on 30 March. The share price was set based on SEBI rules, considering the 90-day and 10-day volume-weighted average price before 26 February 2025 (Relevant Date).