Govt considers picking up token stake in Vodafone Idea

New Delhi: The government is open to picking up a token stake in Vodafone Idea by converting a part of the dues the company owes as part of the Centre’s efforts to instil confidence in investors about the future of the loss-making telco, said a person familiar with the matter.

The government may also keep the option of converting more of those dues into equity after four years, subject to conditions, the person said.

“A decision could be taken by the Cabinet on Wednesday, but there’s no certainty,” he told ET.