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Vodafone Idea was recently in talks with lead banks including HDFC Bank and SBI, to raise up to Rs 70 bn to clear its dues. Most of these dues are to Indus Towers.
Indus Towers recently allowed Vodafone Idea to pay pending dues in installments until July 2023, after Vodafone sought softer repayment terms.
Now the concern is Vodafone Idea has reportedly failed to repay its January 2023 installment of pending dues to Indus Towers. And because of these instabilities, the stock price of Indus Towers is falling.
Source: equitymaster
Every LIKE, SHARE, COMMENT & SUBSCRIPTION is always appreciated.
Discount Brokers I Use for My Investments:
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RECOMMENDED READING LIST:
Rich Dad Poor Dad (Personal finance book of all time)
The Millionaire Next Door (Great Read to know how money works)
One Up On Wall Street (Peter Lynch's Best Advice to Stock Market Beginners)
Think and Grow Rich (the ultimate book on money mindset and wealth)
The Little Book of Common Sense Investing (Awesome book on index funds)
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DISCLAIMERS & DISCLOSURES
This content is for education and entertainment purposes only. I do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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SAY HI ON SOCIAL:
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Indus Towers recently allowed Vodafone Idea to pay pending dues in installments until July 2023, after Vodafone sought softer repayment terms.
Now the concern is Vodafone Idea has reportedly failed to repay its January 2023 installment of pending dues to Indus Towers. And because of these instabilities, the stock price of Indus Towers is falling.
Source: equitymaster
Every LIKE, SHARE, COMMENT & SUBSCRIPTION is always appreciated.
Discount Brokers I Use for My Investments:
----------------------------------------------------
RECOMMENDED READING LIST:
Rich Dad Poor Dad (Personal finance book of all time)
The Millionaire Next Door (Great Read to know how money works)
One Up On Wall Street (Peter Lynch's Best Advice to Stock Market Beginners)
Think and Grow Rich (the ultimate book on money mindset and wealth)
The Little Book of Common Sense Investing (Awesome book on index funds)
__________
__________
DISCLAIMERS & DISCLOSURES
This content is for education and entertainment purposes only. I do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
__________
SAY HI ON SOCIAL:
__________
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