AGR dues: After SC denies relief, is it the end of road for Vodafone Idea?
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