Like Voda Idea, now Airtel looks to convert govt’s statutory debt with equity swap

Following Vodafone Idea, Airtel is also reportedly looking to convert the government's statutory debt into an equity swap. This move would involve issuing equity shares to the government in lieu of the outstanding statutory dues. For Airtel, this could help reduce its debt burden and improve its financial health. For the government, this would result in a stake in the telecom operator. This trend of debt-to-equity conversion in the telecom sector reflects the financial pressures faced by these companies and the government's role as a major creditor.