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gray man

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Vodafone Idea has announced that the Indian government will convert its outstanding spectrum auction dues into equity shares valued at โ‚น36,950 crore. As a result of this conversion, the government's stake in the telecom company will rise significantly from 22.6% to approximately 49%. This move is part of Vodafone Ideaโ€™s efforts to improve its financial position and reduce its debt burden, allowing the company to focus on network expansion and improving service quality in the competitive Indian telecom market.

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