Vodafone Idea’s Spectrum Dues Conversion: Equity Lifeline or Same old Gamble?
Summary points: Vodafone Idea’s Massive Debt, Once Rs 2.12 Lakh Crore, Gets a Trim as the Government Converts Rs 36,950 Crore of Spectrum Dues Into Equity, Taking a 49% Stake. Total Liabilityes Drop by 17.5% to Rs 1.75 Lakh Crore, but agr duas and competition from jio and airtel still loom large. The Government’s Move … Read more