‘Strong possibility of govt owning over 70% in Voda Idea once moratorium ends, may limit equity funding’

The strong possibility of the government taking over 70% ownership of Vodafone Idea (Vi) by converting the cash-strapped telco’s principal statutory dues into equity after the payment moratorium ends in 3Q FY26 could limit much-needed equity funding from third-party investors, say analysts.

Loss-making Vodafone Idea faces over Rs 40,000 crore annual regulatory payouts from FY26 onwards after the four-year moratorium is lifted.