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Will an idea bankrupt?
Vodafone Idea (Vi) will not opt for voluntary bankruptcy as the move may indicate the company is at fault, which is not the case, senior executives of the Aditya Birla Group (ABG) have said.
What happened Vodafone idea?
On 31 August 2018, Vodafone India merged with Idea Cellular, to form a new entity named Vodafone Idea Limited. Vodafone currently holds a 45.1\% stake in the combined entity and Aditya Birla Group holds a 26\% stake.
What is Vodafone future idea?
Vodafone Idea plans to invest Rs 27,000 crore in FY20 The debt-ridden company has advanced its target date to complete integration of Vodafone and Idea Cellular business to financial year 2021 from fiscal 2023.
Can the government save Vi?
According to a Deutsche Bank Research report of July 26, the only way Vi is likely to survive in the coming time is that if the government converts its debt into equity, and merge the operations of the company with state-run Bharat Sanchar Nigam Limited (BSNL), and then giving the merged entity a “clear commercial …
Can Vodafone survive in India?
Yes, it would have won a whole lot of customers in one shot had Vodafone gone under. But some of them will migrate to it anyway. For the 255 million Vodafone Idea customers who’re still sticking around, it’s not enough to know that improved liquidity will allow their telco to survive.
What would happen if Vodafone Idea goes bankrupt?
If Vodafone Idea were to go through bankruptcy, then everyone including the banks and the government would have to take a haircut. In lieu, they can be given a stake in the company, which may then be able to revive itself without the heavy burden.
Is voluntary insolvency an option for Vodafone Idea?
Voluntary Insolvency Resolution Is An Option, But… To be clear, Vodafone Idea has not given any indication yet that it may consider the bankruptcy route. So far the company has not defaulted on any debt, giving no creditor reason to initiate an insolvency resolution filing.
What are the options facing Vodafone Idea?
The options facing Vodafone Idea are limited as the promoters, the Birla Group and Vodafone, do not intend to invest further capital in the business. Either the government offers policy support or the company eventually files for bankruptcy. Voluntary Insolvency Resolution Is An Option, But…
What is the net debt of Vodafone Idea in India?
As of March 2021, Vodafone Idea had a net debt of Rs 1,79,960 crore.