Voda Idea debt at Rs 2.17 trn in Dec 2024 quarter, govt stake up at 48.99%

The debt of Vodafone Idea Ltd (VIL) increased by about 7 per cent to Rs 2.17 trillion in December 2024 quarter mainly on account of increase in statutory liabilities, the company said on Wednesday.

VIL recorded total debt of Rs 2,03,400 crore in December 2023 quarter. According to the company’s investor presentation, the debt of Rs 2.17 trillion comprises Rs 2,14,700 crore payment obligations towards the government and Rs 2,300 crore debt from banks and financial institutions.