There was gloom at the headquarters of Vodafone Plan in Mumbai on Friday, with best executives saying the corporation would not be able to choose the more Rs 54,000-crore hit and it would now close up in individual bankruptcy court.
“It would be tough for the corporation to survive soon after this judgment,” stated a Vodafone executive.
Vodafone Idea’s internet value (or shareholders’ equity) was down 73 per cent yr-on-yr to all-around Rs 17,600 crore at the close of the December 2019 quarter soon after the corporation described a internet reduction of all-around Rs 6,400 crore in the course of the quarter. Cumulatively, the corporation has dropped nearly Rs 45,000 crore in the past 4 quarters, eroding its internet value to its least expensive level in three-yr.
Analysts stated a this sort of a small level of internet value, coupled with continuing losses in operations, ruled out the probability of