Vodafone Idea’s Spectrum Dues Conversion: Equity Lifeline or Same Old Gamble?
Summary Points: Vodafone Idea’s massive debt, once Rs 2.12 lakh crore, gets a trim as the government converts Rs 36,950 crore of spectrum dues into equity, taking a 49% stake. Total liabilities drop by 17.5% to Rs 1.75 lakh crore, but AGR dues and competition from Jio and Airtel still loom large. The government’s move…