The Winner in Jio Vs. Airtel War

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Vodafone Idea was recently in talks with lead banks including HDFC Bank and SBI, to raise up to Rs 70 bn to clear its dues. Most of these dues are to Indus Towers.

Indus Towers recently allowed Vodafone Idea to pay pending dues in installments until July 2023, after Vodafone sought softer repayment terms.

Now the concern is Vodafone Idea has reportedly failed to repay its January 2023 installment of pending dues to Indus Towers. And because of these instabilities, the stock price of Indus Towers is falling.

Source: equitymaster

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