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Tuesday, November 8, 2022

Vodafone Idea clearing dues to banks first to avoid a visit to bankruptcy court: Experts

Over the past year, Vi’s dues to banks and other lenders had fallen by more than a third — from Rs 23,400 crore in the April-June, or first, quarter of last fiscal year to Rs 15,080 crore in the just ended September quarter of FY23. But its trade payables, reflecting dues to vendors such as tower firms and suppliers including network providers, increased 10% to almost Rs 15,030 crore from Rs 13,658.6 crore in the first quarter of FY22.

from industry - Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/SMGBP3n

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