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Vodafone Idea Allots Equity Shares Worth Rs 36,950 Crore To Government

  • Vodafone Idea has allotted equity shares worth Rs 36,950 crore to the Government of India.
  • Post allotment, the government's shareholding in the company stands at 48.99%, up from 22.6%.
  • This follows an order from the Ministry of Communications to convert outstanding spectrum auction dues into equity shares for the government.
  • Shares of Vodafone Idea closed 2.58% lower at Rs 7.18 apiece on the BSE.

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