Vodafone Thought: Vodafone Thought, which has been making losses for a very long time, has repaid its short-term mortgage from SBI. Allow us to inform you, the corporate had a short-term mortgage of about Rs 2700 crore from State Financial institution, which has been repaid by Vodafone Thought. The corporate has taken this step to spice up the arrogance of the lenders en work State Financial institution of India. On the identical time, the impact of reimbursement of debt was seen within the inventory market on Monday when the corporate’s share value registered a rise.
There was a leap within the inventory on Monday: Vodafone-Thought’s inventory has seen a robust leap right this moment ie on Monday. The inventory of Vi (Vodafone-Thought) noticed an increase of three.91 p.c. At this time the corporate’s inventory was seen buying and selling at Rs 9.30 on NSC. Its share value had additionally reached a excessive of Rs 9.45 at one time. Which is a rise of 5 p.c.
The corporate is in debt: Considerably, Vodafone Thought’s internet debt on the finish of June stood at over Rs 1.98 lakh crore, its deferred spectrum cost dues had been over Rs 1.16 lakh crore and loans from banks and monetary establishments stood at over Rs 15,200 crore. . Its money and money equivalents had been 860 crores.
Confidence-boosting mortgage reimbursement: Allow us to inform you, some high lenders of Vodafone Thought, who’re going through monetary disaster, say that the way in which the corporate has repaid the mortgage of SBI. As a consequence of this, a positivity has elevated concerning the firm. This cost may even enhance the arrogance of different lenders. On the identical time, its direct impact has additionally been seen in right this moment’s inventory market. The corporate’s inventory has elevated considerably.
Submit Workplace Scheme: On this scheme of submit workplace, about Rs 14 lakh can be obtainable in 5 years, tax exemption too
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