Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
Vodafone Idea Ltd. is considering raising debt financing to accelerate growth, people familiar with the matter said, following the government’s decision to cap annual payouts for AGR dues. The govenrment has finally lifted the AGR overhang for Vodafone Idea. (Reuters) India’s third-largest mobile phone operator by users may seek the financing from local and global […]
Shares of Vodafone Idea Ltd. and Indus Towers Ltd. surged after the govenrment lifted the AGR overhang on the debt-laden telecom operator. The govenrment has finally lifted the AGR overhang for Vodafone Idea. (Reuters) On Friday, Vodafone Idea’s share price rose 8.78% to an intraday high of ₹12.51 on the BSE while those of Indus […]
Vodafone Idea Ltd. has secured a crucial relief from the government regarding its AGR dues, a move that significantly eases immediate cash flow pressures for the distressed wireless carrier. This restructuring offers a financial lifeline to Vodafone Idea (Reuters) The Department of Telecommunications (DoT) has frozen the company’s AGR dues—comprising principal, interest, and penalties accrued […]
The Union Cabinet is said to have approved a relief package for Vodafone Idea Ltd., which is seen as smaller than expected. That sent the stock of the debt-laden telecom operator into a tailspin. The government has about 49% stake in Vodafone Idea. (Reuters) The government has frozen the AGR dues at ₹87,695 crore, while […]
The Supreme Court has modified its earlier order to allow the government to consider relief on all Voadone Idea dues, a move that sent the company’s share price soaring 10%. Vodafone Idea has a total debt in excess of ₹2 lakh crore. (Reuters) Vodafone Idea had filed a review petition in Supreme Court to seek […]
The Supreme Court has allowed the central government to reconsider the issue of reassessment of AGR dues that Vodafone Idea Ltd. has to pay. Shares surged. The government has a 49% stake in Vodafone Idea in lieu of some of the pending dues. (Reuters) The matter of Vodafone Idea’s AGR dues falls within the purview […]
