The fund was utilised to reduce the company s debt, including prepayment of term debt amounting to ₹210 crore and reduction of working capital debt of ₹100 crore.
A potential fundraise from Vodafone Idea (Vi) would improve Indus Towers chances of recovering its massive old dues – now pegged at Rs 9,500 crore from its cash-strapped telco customer, said analysts. They said that with a likely promoter equity infusion (Rs 2,000 crore) and possible relief from lenders, Vis survival is likely, at least until 2HFY26.
India Business News: ICICI Bank has reported a record net profit of Rs 9,648 crore in Q1-2024 a 39.7% increase from Rs 6,905 crore in Q1-2023. Meanwhile, Kotak Mahindra Ba