Vodafone Idea Ltd has raised Rs 36,950 crore by issuing 3,695 crore equity shares to the Government of India, following the conversion of the company’s spectrum auction dues into equity. The allotment increases the government’s stake in the telecom operator to 48.99%, marking a significant restructuring move to reduce Vodafone Idea’s debt burden. This decision, made in line with the government’s support to ailing telecom companies, aims to stabilize Vodafone Idea's financial position and ensure continued operations in a highly competitive industry.