Vodafone Group clears 11,650 crore dues raised against VIL shares
Vodafone Group cleared debt dues of Rs 11,650 crore by releasing pledges on shares of Vodafone Idea. The pledged shares were raised against debt from HSBC Corporate Trustee. These shares represent a 22.56% stake, currently valued at Rs 11,649 crore. Post-repayment, the equity shares held by Vodafone Promoter Shareholders have been released.
Vodafone Group cleared debt dues of Rs 11,650 crore by releasing pledges on shares of Vodafone Idea. The pledged shares were raised against debt from HSBC Corporate Trustee. These shares represent a 22.56% stake, currently valued at Rs 11,649 crore. Post-repayment, the equity shares held by Vodafone Promoter Shareholders have been released.
