`Vodafone Idea`
banks on conversion of government dues into equity for revival…Stock gain 3%
· Debt-ridden Vodafone Idea is banking on the latest equity infusion of Rs20,000 crore and the conversion of government dues into equity for its revival as the telco sank deeper into the red in the fourth quarter of last fiscal reporting a loss of Rs 7,675 crore against Rs6,419 crore in the year-ago period.
· At an earnings call, Vodafone Idea CEO Akshaya Moondra said the company is looking at the conversion of the instalments of government dues for 2025-26 and 2026-27 into equities.
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