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…