Not received communication from govt regarding considering relief of Rs 84,000 cr, says Vodafone Idea

Vodafone Idea (Vi) on Tuesday said that it had not received any communication from the government about considering relief on Rs 84,000 crores. This comes after a few reports said that the shares of the company rallied up 7 per cent after the government’s decision. The company added that it would share the details As and when there is any development with respect to the matter.

Media reports had claimed that the Centre, already the biggest equity owner in Vodafone Idea (Vi) through conversion of earlier receivables into stock, is weighing multiple options to provide the telco further relief on outstanding regulatory dues of Rs 84,000 crore over concerns that the telecom operator would flounder without executive latitude.