Vodafone Thought Restricted (VIL) goes by a troublesome part. Whereas the corporate had managed to lift funds and pay debt on time within the final 12 months, its troubles are removed from over. VIL wants to lift extra money by debt. However that is wasn’t continuing till now due to no readability on the AGR (adjusted gross income) dues matter. Nonetheless, there’s readability now. The federal government and the Supreme Courtroom each have determined to not assist the corporate on this regard. The federal government, by itself, has helped Vi a lot in the previous few years with a aid package deal and dues to fairness conversion. However that is the extent of the assistance that Vi goes to obtain.
On Monday, Vi’s shares nosedived to Rs 6.75, 8.41% down from the earlier closing value after the SC judgement was introduced. Here is what is occurring.
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Vodafone Thought AGR Payouts are an Situation
From FY26, Vi must pay an annual quantity of Rs 18,000 crore for the AGR dues. That is nearly twice the corporate’s present operational money era of Rs 9,000 crore. The overall legal responsibility of Vi within the AGR dues section is Rs 83,400 crore, which incorporates Rs 28,294 crore because the curiosity, then Rs 6,012 crores in penalties, after which Rs 11,151 crore in curiosity on penalty.
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Paying this quantity would cripple the corporate and it may imply critical troubles. So the reply to the query, is Vodafone Thought in massive hassle, is sure. This might imply a monetary disaster for Vodafone Thought. The telco is not producing sufficient money to pay this quantity, and there is not any financial institution fundraising too, but.
Whereas the telco maintains that it’s in talks with the lenders for elevating debt, the talks haven’t but produced any constructive outcome. After the choice from the Supreme Courtroom on Monday, a minimum of the readability has come. Now the ball is within the palms of the debt suppliers. Everybody can be cautious of offering Vi with extra funds at this stage.
