Vodafone Idea (Vi), the third-largest telecom operator in the country, is under a serious cash crunch. Then there is the equity conversion that's pending from the side of the government. Now, according to a Livemint report, the centre wants Vi promoters to infuse more capital into the company before it converts the interest dues into equity for itself. The government is expected to hold around a third of the company once the equity conversion process is completed. But now the government wants the promoters, including the Aditya Birla Group and Vodafone UK, to infuse more capital into the company.

Source: Mint November 03, 2022 08:47 UTC