Vodafone Idea allots ₹36,950 cr shares to govt

Vodafone Idea allotted ₹36,950 crore worth of equity shares to the Government of India, converting spectrum dues into equity. This makes the Centre the largest shareholder with a 48.99% stake in listing in

. The allotment involved 3,695 crore shares of ₹10 each, issued under the telecom relief measures announced in September 2021, providing financial relief to the company.