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Another Lifeline For Vodafone Idea — Pushing The Can Further Down The Road: Read Motilal Oswal's Analysis
Motilal Oswal believes more comfort on Vodafone Idea’s survival and improved visibility on the completion of Vi’s capex plans could be materially near-term positive for Indus Towers.
01 Apr 2025, 09:34 AM IST 
GoI equity conversion provides cash flow relief for Vodafone Idea and is a key medium-term positive development, but stabilization of its subscriber base, long pending debt raise, and further relief on AGR dues remain vital for Vodafone Idea’s long-term survival.
(Photo: NDTV Profit)
Government of India has decided to convert Vodafone Idea’s outstanding spectrum auction dues pertaining to spectrum auctions prior to 2021, including deferred dues repayable after moratorium, into equity shares.The total amount to be converted into equity shares is Rs 369.5 billion, with Vodafone Idea issuing 36.95 billion shares (at Rs 10/share).
