18-May-2024
Corporate News
 
Government may offer conditional relief to Vi on dues after current moratorium ends
03-May-2024

The Centre will consider favourably any request from Vodafone Idea for either deferring or converting adjusted gross revenue and spectrum dues into equity post September, 2025, when the current moratorium on such payments ends. However, such relief may come attached with certain conditions, officials told Fe. Officials said with the successful Rs 18,000-crore follow-on public offer (FPO) last month, the telco will be able to participate in industry growth and the government will support it in every possible manner.

News Source:- https://www.financialexpress.com/business/industry-government-may-offer-conditional-relief-to-vi-on-dues-after-current-moratorium-ends-3475554/