Vodafone Idea Fundraising Plans: What’s the Next Step

The telco's management said that they will further see if they can get more relief by offering more stake to the government against their statutory dues. Apart from this, Vi has approached the Supreme Court (SC) over miscalculation of the adjusted gross revenue (AGR) dues by the Department of Telecommunicatons (DoT).

Highlights

  • Vodafone Idea's fundraising depends heavily on the new government that forms after the poll results are out.
  • Vi recently raised around Rs 20,000 crore in total in equity via FPO (follow-on public offer) and a promoter entity.
  • The telco also plans to raise another Rs 35,000 crore through debt.

Follow Us

vodafone idea fundraising plans whats the next

Vodafone Idea's fundraising depends heavily on the new government that forms after the poll results are out. Vi recently raised around Rs 20,000 crore in total in equity via FPO (follow-on public offer) and a promoter entity. The telco also plans to raise another Rs 35,000 crore through debt. However, that will not happen until the time investors and lenders get clarity on whether the government is ready to conver a part of Vi's dues into further equity. Note that this has already happened once when the government converted Vi's interest dues on the deferred payments and now the central government is the largest stakeholder in the telco.




Read More - Vodafone Idea’s 5G and BSNL’s 4G in Focus in India

The telco's management said that they will further see if they can get more relief by offering more stake to the government against their statutory dues. Apart from this, Vi has approached the Supreme Court (SC) over miscalculation of the adjusted gross revenue (AGR) dues by the Department of Telecommunicatons (DoT). If SC sides with Vi's appeal, then it will be a major relief for the telco and its investors.

This will clarity to the future investors and lenders to be able to make up their mind about giving money to Vodafone Idea Limited (VIL), said an ET report.

Read More - Vodafone Idea CEO Believes in Paying More for Using More

Banks and investors will further look deeply into the future plans of Vi. There's no doubt that there's a scope for Vi to make a healthy return in the next few years. However, for that to happen, the telco will have to run a tight ship with strong plans and effective and efficient execution.

Vi has been paying to the banks and the lenders in a timely manner. The telco has reduced a major part of its bank dues in the last year. This will further boost its credibility to be able to pay back the amount. However, banks are already exposed to Vi and will carefully think about giving their money to the telco, especially in a situation where the telco is trying hard to not lose its customers to the competiton.

Reported By

Editor in Chief

Tanay is someone with whom you can chill and talk about technology and life. A fitness enthusiast and cricketer, he loves to read and write.

Recent Comments

Sujata :

No, it's 7th Nov, 6 days ago 4g was gone, restoration yet to happen.

BSNL Deploys 1111 BTS in Bihar Under 4G Saturation Project

Faraz :

Also VoLTE got activated from BSNL self-care app only. Didn't even get any call back for request raised.

What Does 700 MHz Band Mean for BSNL?

Faraz :

But GP2 are those whose SIM are kept idle, it is not available for regular recharge customers. Only secondary SIM…

What Does 700 MHz Band Mean for BSNL?

Faraz :

Got connected to BSNL 4G in Sukhobristi Newtown Kolkata. As expected, BSNL was connected to H+ here on B1 5…

What Does 700 MHz Band Mean for BSNL?

TheAndroidFreak :

iQOO 13 has two things going for it. Performance and Performance. Better DDR5X RAM, UFS 4.1 storage I believe and…

OnePlus 13 vs iQOO 13: Quite Similar, but Still Different

Load More
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments