India orders Vodafone Idea to convert government dues into $2 billion equity
The Indian government has ordered the telecom operator Vodafone Idea to convert all the interest it owes to the government into equity in the firm. Vodafone said it has been ordered to convert capital worth $1.96 billion into equity. The company “will take all necessary actions forthwith to undertake the aforesaid issuance,” Vodafone Idea disclosed…