Vodafone Idea Faces Setback as Govt Denies Rs 6,090 Crore Bank Guarantee Relief: Report

Share via:


Vodafone Idea Faces Rs 6,090 Crore Bank Guarantee Demand as Govt Denies Relief: Report
Vodafone Idea (Vi) reportedly received no relief from the government regarding the Rs 6,090 crore bank guarantee that must be submitted by March 10, 2025, CNBC Awaaz reported, citing sources. As a result, Vi shares declined from the day’s highs on Monday.

Also Read: Vodafone Idea Asked to Provide Rs 6,090 Crore Bank Guarantee: Report

No Relief from the Government

Vodafone Idea must deposit Rs 6,090 crore by the end of the day as per the Department of Telecom’s (DoT) directive. The DoT had sought this bank guarantee from Vodafone Idea for the spectrum…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Vodafone Idea Faces Setback as Govt Denies Rs 6,090 Crore Bank Guarantee Relief: Report


Vodafone Idea Faces Rs 6,090 Crore Bank Guarantee Demand as Govt Denies Relief: Report
Vodafone Idea (Vi) reportedly received no relief from the government regarding the Rs 6,090 crore bank guarantee that must be submitted by March 10, 2025, CNBC Awaaz reported, citing sources. As a result, Vi shares declined from the day’s highs on Monday.

Also Read: Vodafone Idea Asked to Provide Rs 6,090 Crore Bank Guarantee: Report

No Relief from the Government

Vodafone Idea must deposit Rs 6,090 crore by the end of the day as per the Department of Telecom’s (DoT) directive. The DoT had sought this bank guarantee from Vodafone Idea for the spectrum…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Popular

Upcoming Events

What went wrong with Apple Intelligence Siri development?

On Friday, Apple officially delayed the release of...

Taiwan’s Foxconn said on Monday it has launched its...

Taiwan’s Foxconn said on Monday it has launched...

Apple reportedly planning ‘feature-packed’ visionOS 3 update

While we aren’t getting a new Apple Vision...
d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa