Corporates

Not considering any relief to Voda Idea: MoS

New Delhi: Telecom department is not contemplating providing any relief to Vodafone Idea with regard to adjusted gross revenue, minister of state for communications Chandra Sekhar Pemmasani said on Monday.“We have recently converted a lot of their debt into equity. Govt has done whatever we thought we could do. At this time, we do not have any discussion or plan to change anything other than what we have done,” Pemmasani said. Govt has become single largest shareholder in Vodafone Idea after acquiring shares worth Rs 36,950 crore in lieu of outstanding spectrum auction dues in March.Govt had acquired around 33% stake in 2023. Vodafone, in its affidavit before SC, had said it will not be able to survive without govt support. tnn



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