Synopsis
The company has not missed or delayed any payments and this has added to investor confidence, dealers said. The financially stressed telco has been trying to raise Rs 25,000 crore to pay debt, spectrum purchase instalments and adjusted gross revenue dues. Vi didn’t immediately comment on the matter.
Mumbai: Vodafone Idea (Vi) is said to have assured bondholders that all repayments and interest payments that fall due later this year will be made promptly. The assurances may have helped the company’s bonds overcome a dry secondary market spell.
The telco’s bonds worth Rs 674 crore changed hands in the first two-and-a-half months of 2021. These volumes were over seven times larger than the transaction value of about Rs 90 crore reported
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