Vodafone Idea’s Debt-to-Equity Swap: Existing Shareholders Face Severe Dilution, Virtually Nothing Left?
Vodafone Idea (Vi), the struggling Indian telecom operator, has taken a significant step towards alleviating its massive debt burden by converting government dues into equity. However, this move, while crucial for the company’s survival, is set to drastically dilute the stakes of existing shareholders, leaving them with a minuscule portion of the company. The Indian … Read more