“Vodafone Idea Shares: Government’s Spectrum Dues Conversion May Push VIL Toward PSU Status, Says MOFSL with ‘Sell’ Rating and Target of Rs 6.50”

• Government Move: The decision to convert Vodafone Idea’s spectrum dues into equity is a positive development for the telecom operator.
• MOFSL’s Stance: Despite this, MOFSL maintains a ‘Sell’ rating with a revised target price of Rs 6.50 per share.
• Potential PSU Shift: With the government’s stake rising to 49%, further equity conversions could push the GoI stake above 50%, potentially transforming VIL into a public sector undertaking (PSU).