News: As per The Economic Times, Vodafone Idea's Rs 16,130 crore worth of accrued interest on deferred adjusted gross revenue (AGR)-related dues conversion into equity has received approval from the Finance Ministry. Now, the Telecom department will finalise the transaction, as per reports.
View: Consequent to the conversion, Government of India will own 33% in VIL. The company, as indicated earlier, will now seek debt and equity investments to pay debtors and launch 5G services.
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