Vodafone Idea Ordered to Convert Dues From Government Worth Over Rs. 16,000 Crore Into Equity

Vodafone Idea Ordered to Convert Dues From Government Worth Over Rs. 16,000 Crore Into Equity

Troubled Indian mobile service provider Vodafone Idea said on Friday the government had ordered the company to convert into equity all the dues owed to the government for use of airwaves including the interest related to payments for spectrum. The total amount to be converted into equity shares is Rs. 16,133…