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“Basis Vis disclosures, it faces large payouts in 2QFY24.of the estimated Rs 4,300 crore outgo, Rs 2,600 crore is towards debt repayments (maturing) and a Rs 1,700 crore instalment related to 5G spectrum, which may exert pressure on payments to Indus, unless Vi raises funds,” IIFL Securities said in a note. ....
Vodafone Idea: “Basis Vi’s disclosures, it faces large payouts in 2QFY24.of the estimated Rs 4,300 crore outgo, Rs 2,600 crore is towards debt repayments (maturing) and a Rs 1,700 crore instalment related to 5G spectrum, which may exert pressure on payments to Indus, unless Vi raises funds,” IIFL Securities said in a note. ....
Accordingly, IIFL has cautioned that Indus receipts from Vi could fall short unless there is significant fundraising at the telecom operator. On Monday, shares of Indus closed 1.12% lower at ₹172.05 on BSE, while Vi ended 0.12% higher at ₹8.34. At its fiscal first-quarter earnings call last week, Indus top management said the tower company was in constant dialogue with Vi, urging the key customer to clear its past dues estimated at ₹9,500 crore. ....
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Vodafone Idea in talks for fund raise, says floor price best fix for pricing issues Speaking at analyst call post Q4 earnings announcement, Ravinder Takkar, CEO of Vodafone Idea, said the company is currently holding active discussions with potential investors to raise funds In the letter, VIL has made it clear that it is almost inevitable that the company will not be able to pay the said amount in April 2022 PTI Updated Jul 03, 2021, 11:25 AM IST Cash-strapped Vodafone Idea (VIL) on Friday said it is in active talks with potential investors for fund raising, and asserted that floor price remains the best and most preferred fix for industry s woes arising from tariff-related issues. ....