Centre may take a token stake in Vi | Govt Considers Picking Up Token Stake in Vodafone Idea

The government may pick up a token state in Vodafone Idea

If so, it will convert a part of the dues the company owes

The govt may also give an option to convert more of its dues into equity after four years

However, it will be subject to certain conditions

The move is part of the government's efforts to boost confidence among telecom investors

The telecom provider Vi has been struggling to retain its foothold for a while

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