<h1>Government Boosts Vodafone Idea Stake to 48.99%, Converting Spectrum Dues into Equity Under Telecom Reforms</h1> The government will increase its stake in Vodafone Idea to 48.99% by acquiring shares worth Rs 36,950 crore in exchange for outstanding spectrum auction dues. Currently holding 22.6%, the government will surpass the combined stake of Vodafone and Aditya Birla Group, which hold 14.76% and 22.56%, respectively. This move aligns with the 2021 Telecom Sector Reforms, converting dues into equity to aid the financially troubled company. The government has also waived bank guarantees, providing significant relief to Vodafone Idea, which faces substantial debt obligations. The promoters will retain operational control of the company despite the increased government stake.