Telecom operator Vodafone Idea board has accredited deferment of spectrum action installments due as much as four years. The board has also authorized conversion of hobby on spectrum auction installments and Adjusted Gross Revenue (AGR) dues into fairness.
The conversion to equity will result in dilution to all existing shareholders inclusive of promoters. Post conversion, the authorities will keep round 35.8% inside the enterprise. Promoter shareholders will hold around 28.5% submit conversion into equity.
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