Vi repaid its loan, there will be a stormy rise in shares on Monday. Investors will also get a dividend of Rs 7.5.

Debt-ridden telecom company Vodafone Idea (You) has paid its old dues of Rs 1,910 crore towards Indus Towers. This payment company has recently Vodafone Group Plc This has been done by raising fresh equity from.

Vodafone Group's share in Vi increased

After this latest investment Vodafone Group stake in Vi 22.56% more than 24.39% Has occurred. this investment Omega Telecom Holdings Pvt Ltd And Usha Martin Telematics Ltd This has been done through Vodafone, which is the promoter organization of Vodafone.

How were the dues paid?

After paying dues to Vodafone promoters to its lenders, Indus Towers said in an exchange filing. Rs 1,910 crore Invested in Vi. Vi has used this fund for the construction of Indus Towers. Master Service Agreement (MSA) Has been done in clearing the dues.

Fall in shares of Indus Towers and Vi

Despite this news Indus Towers shares on Friday 2.90% with a decline of ₹320.25 But closed. There itself, Vi also shares of 2.27% with a decline of ₹7.75 But closed.

Vodafone sold stake in Indus Towers

last month, Vodafone invested its remaining interest in Indus Towers 3% by selling stake ₹2,800 crore Had collected. Vodafone took the money from this sale ₹890 crore Used to repay loans and pay transaction fees. The remaining one ₹1,910 crore Was used to buy equity shares in Vi.

Old debts paid, new opportunities open

Vodafone said that after this payment, all its responsibilities towards Indus Towers have been fulfilled. This has reduced the pressure of Indus Towers on Vi and will help the company achieve financial stability.

Expectation of special dividend

JP Morgan believes Indus Towers will be liquidated in FY25 after Vi clears dues of Indus Towers ₹7.5 per share Can declare a special dividend of Rs.

How much does Vi owe?

Vi acquires Indus Towers by September 2024 quarter ₹2,328.2 crore Had paid the dues. Yet according to industry sources, the total outstanding dues of Indus Towers on Vi ₹7,076 crore Was.

What does this payment mean for Vi?

This payment is very important for Vi as it has reduced the debt burden on the company and will help it become financially stronger. Along with this, Vi can also get the confidence of investors in the market.

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