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Vodafone chief executive Nick Read said the government needs to ease off on payment demands to ensure a future for group's India joint venture, Vodafone-Idea Ltd.
VodaIdea vests 35.8% ownership on govt in debt-equity swap
The telecom ministry had also said the three companies will not become public sector undertakings even after the government gets a stake in them.
Following the conversion into equity, the Indian government is expected to hold about 35.8% of the total outstanding shares of Vodafone Idea.
The package comes six weeks after Kumar Mangalam Birla resigned from the post of chairman of Vodafone Idea Ltd on August 4