Troubled Indian mobile service provider Vodafone Idea Ltd said on Friday the government ordered the company to convert into equity all the interest related to payments for spectrum and other dues owed to the government for use of airwaves.
{{^htLoading}} {{/htLoading}}
The total amount to be converted into equity shares is 161.33 billion rupees ($1.96 billion), the mobile carrier said.
The company has been directed to issue 16.13 billion shares at a price of 10 rupees each, it added.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Advertisement
{{/htLoading}}{{#usCountry}}