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Vodafone Idea Stares At Severe Liquidity Stress
Vodafone Idea has Rs 23,200 crore worth of liabilities coming up for payment in the next 12 months, says ICICI Securities.
07 Jul 2021, 08:22 AM IST
Vodafone Idea Ltd., the loss-making Indian wireless carrier, stares at a severe liquidity crisis as a chunk of liabilities come up for payment in the next one year.The beleaguered telecom operator has Rs 23,200 crore worth of liabilities due in the next 12 months, according to ICICI Securities. That includes:Annual payment (including interest) towards statutory adjusted gross revenue liability of Rs 8,000 crore in March 2022.Bank gua...
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