Vodafone Idea banks on conversion of government dues into equity for revival

Debt-ridden Vodafone Idea Limited (ViL) is banking on the latest equity infusion of ₹20,000 crore and the conversion of government dues into equity for its revival as the telco sank deeper into the red in the fourth quarter of last fiscal reporting a loss of ₹7,675 crore against ₹6,419 crore in the year-ago period.