The government is already Vis largest shareholder with a 33.1% stake after it converted the telcos accrued interest towards adjusted gross revenue (AGR) arrears into equity in February 2023. The telcos co-founder UKs Vodafone Plc and Indias Aditya Birla Group (ABG) jointly own 50.4% in Vi. Of this, Vodafone UK has a stake of 32.3%, while the Indian group has 18.1%.