The company said it has been directed to issue 16.13 billion shares at 10 rupees each.
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.
The total amount to be converted into equity shares is 161.33 billion rupees ($1.96 billion), the mobile carrier said.
The company said it has been directed to issue 16.13 billion shares at 10 rupees each.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
