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4: Why Vodafone Idea is staring at liquidation
Mark to Market
English - November 14, 2019 13:41 - 5 minutes - 5.4 MBBusiness News News market price finance podcast investing stock market entrepreneurship business business podcast money market share market entrepreneur Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 3: How did the FMCG sector fare in Q2
Vodafone Idea shares fell below Rs 3 on Thursday, on news that the govt has demanded its dues in the AGR case. The dues could be as high as Rs 40,000 crore, while the company has a cash balance of about Rs 20,000 crore. Reports suggest both promoter groups of the company are unwilling to infuse fresh capital. The government will be a major loser if the company goes into liquidation, as the company owes it over Rs 90,000 crore.