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Indian government to raise stake in Vodafone Idea to 48.99%

Indian government to raise stake in Vodafone Idea to 48.99%

Photo: REUTERS/Danish Siddiqui

The Indian government will increase its stake in Vodafone Idea to approximately 48.99% by converting 369.5 billion rupees ($4.3 billion) in outstanding spectrum auction dues into equity, a regulatory filing from the company showed on Sunday.

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