India's Vodafone Idea rises after order to convert $2 bln govt dues into equity

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India's Vodafone Idea rises after order to convert $2 bln govt dues into equity
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Shares of Vodafone India Ltd rose nearly 9.5% on Monday after the government ordered the company to convert into equity all the dues owed to the government for use of airwaves, including the interest related to payments for spectrum.

all the dues owed to the government for use of airwaves, including the interest related to payments for spectrum. The total amount to be converted into equity shares is 161.33 billion rupees , the mobile carrier said.

Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Janane Venkatraman
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