Government to raise stake in Vodafone Idea to 48.99% through Rs 36,950 crore equity infusion

The government has agreed to raise stake in Vodafone Idea to 48.99 per cent with fresh acquisition of shares worth Rs 36,950 crore in lieu of outstanding spectrum auction dues, the company said in a regulatory filing on Sunday.

The government is the single-largest shareholder in the debt-ridden Vodafone Idea with 22.6 per cent stake.