Govt to become largest shareholder in Vi post conversion of AGR dues to equities for ₹16,133 cr
At present, the promoter and promoter group in Vodafone Idea holds a 74.99% stake, while public shareholding is at 25.01% as of December 31, 2022. Post this transaction, the promoter's shareholding will trim down to 50%.
The government has passed an order to convert adjusted gross revenue (AGR) dues of telecom services provider, Vodafone Idea into equities for nearly ₹16,133.2 crore. This conversion of AGR dues into equities is likely to make the Centre the largest shareholder in the loss-making telecom services provider.