Global Trade Alert
Global Trade Alert

India: Government approves conversion of debt owed by Vodafone Idea Limited to equity

Announcement

03 Feb 2023

On 3 February 2023, the Indian government approved the conversion of debt owned by Vodafone Idea Limited to the government into equity.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

03 Feb 2023

Revocation date:

No revocation date

Updated: 03 Feb 2023
Capital injection and equity stakes (including bailouts) In force

According to several news reports, on 3 February 2023, the Indian government approved the conversion of debt owed by Vodafone Idea Limited to the government into equity.  The order of the Mini...

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