UK-India trade body writes to envoy on Vi equity conversion delay

Considering that the issue may gather momentum in the upcoming months, Vikram K Doraiswami, the Indian high commissioner in the UK, has sought guidance from the finance ministry

The UK India Business Council has asked the Indian High Commissioner to help speed up the conversion of Vodafone Idea’s accumulated interest on the deferred adjusted gross revenue (AGR) dues into equity, the 'Economic Times' reported.

Vikram K Doraiswami, the high commissioner, has sought guidance from India’s finance ministry about the council’s letter that said that the issue may gather momentum in the upcoming months.

The council said that there has been a delay in conversion by India’s Department of Telecommunications (DoT) despite a written clearance from the finance ministry and support from the Prime Minister’s Office.

The trade group