Reuters | | Posted by Yagya Sharma
Troubled Indian cell service supplier Vodafone Thought Ltd stated on Friday the federal government ordered the corporate to transform into fairness all of the curiosity associated to funds for spectrum and different dues owed to the federal government to be used of airwaves.
The whole quantity to be transformed into fairness shares is 161.33 billion rupees ($1.96 billion), the cell provider stated.
The corporate has been directed to subject 16.13 billion shares at a value of 10 rupees every, it added.