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flag Vodafone Idea seeks to convert payment debts into equity, potentially raising government stake to 49%.

flag Vodafone Idea (Vi), a struggling telecom company in India, has asked the Department of Telecommunications (DoT) to convert its upcoming payments for spectrum and adjusted gross revenue (AGR) into equity shares. flag This move could increase the government's stake in Vi from 22.6% to 49%. flag Vi is facing financial difficulties due to large regulatory payments and has requested urgent support from the government to help manage its cash flow.

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