Govt's equity pick may help Vodafone Idea refinance debt

On Friday, the government agreed to convert Vi's ₹16,133.18 crore accrued interest on deferred adjusted gross revenue (AGR) dues into equity at ₹10 a share. The move came after it received an assurance from Vi's promoters that they are committed to the company and would bring in the necessary funds.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.