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Vodafone Group clears about Rs 11,650 cr dues to lenders raised against VIL shares

News Desk by News Desk
December 28, 2024
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Vodafone Group clears about Rs 11,650 cr dues to lenders raised against VIL shares
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NEW DELHI: UK-based Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing.

Vodafone Group had pledged almost the entire stake in VIL to raise the debt.

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The pledge was created in favour of HSBC Corporate Trustee Company (UK) for the debt raised by Mauritius and India-based entities of Vodafone Group.

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