Indian telecom service provider Vodafone Idea (VIL) has sought additional relief from the government as it faces mounting financial pressure to repay its adjusted gross revenue (AGR) and spectrum dues, NDTV Profit reported.
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In a letter to Telecom Secretary Neeraj Mittal on March 11, VIL requested a further conversion of its dues into equity. If approved, the government’s stake in the company could rise from 22.6 percent to 49 percent, sources said, as per the…