Govt becomes single largest shareholder in Vodafone Idea with 33.44% stake

Mumbai: The government will hold 33.44% in loss-making Vodafone Idea (Vi), the telco said, adding that its board on Tuesday cleared the allotment of shares.

The government will thus become the single largest shareholder in Vi after converting the NPV (net present value) of the interest on deferred spectrum payments and adjusted gross revenue-related dues amounting to Rs 16,133 crore.