Telecom Minister Jyotiraditya Scindia stated that there will be no further equity infusion in Vodafone Idea, capping the government's stake at 49 percent.
Converting additional dues into equity would exceed the 49 percent threshold and potentially turn Vodafone Idea into a public sector undertaking, a scenario the government wants to avoid.
The government has clarified that there are no plans to convert Vodafone Idea into a PSU, and increasing the equity portion beyond 49 percent is not an option.
The Department of Telecommunications is currently examining Bharti Airtel's application for converting statutory dues into equity, part of the government's relief package for the telecom sector.