<ul><li>The Indian government has converted Rs 36,950 crore of Vodafone Idea's debt into equity.</li><li>The move is seen as a government's attempt to rescue the cash-strapped telecom company.</li><li>The conversion of debt into equity increases the government's stake in Vodafone Idea.</li><li>The future of Vodafone Idea is uncertain, as it remains to be seen if the government's infusion will lead to a strategic investment or just a temporary lifeline.</li></ul>

In This Economy… Vodafone Idea's Future: A Cliffhanger

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