Vodafone Idea share price in focus: DOT letter provides relief on bank guarantees

Stock Market Today: Vodafone Idea share price remains in focus on Monday as it has received a letter from the Department of Telecommunications (DoT), regarding the waiver of bank guarantees.

In a letter to the exchanges Vodafone Idea said that Department of Telecommunications (DoT) vide its communication dated 27 December 2024, has dispensed with the requirement of submission of Financial Bank Guarantees for the Spectrum acquired in Spectrum Auction held in 2012, 2014, 2015, 2016 and 2021, subject to certain terms and conditions.