ATC India pushes Vodafone Idea to convert remaining 1,600 OCDs into 0.2% stake

In February 2023, Vi had allotted OCDs worth Rs 1,600 crore to ATC Telecom Infrastructure Pvt Ltd against its dues. Vi was then estimated to owe ATC around Rs 2,000 crore. Vi shares had earlier closed around 0.5% lower at Rs 16.56 on the BSE on Thursday. According to company insiders, ATC India will likely hold around 0.2% in Vi, post-conversion.