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  • News From Press Vodafone Idea makes full payments of maturing NCDs to fund houses

    Vodafone Idea makes full payments of maturing NCDs to fund houses

    Source: The Economic Times Jul 11, 2020


    Telecom major Vodafone Idea has made the complete payment on its debt papers maturing on Friday, with Franklin Templeton having exposure to a major chunk of these papers.

    A Vodafone Idea spokesperson confirmed that the company had made the complete payment towards the NCDs (non-convertible debentures) maturing on Friday, but did not elaborate on the total amount paid.

    Separately, she denied a Business Standard report which said the company had defaulted on rental, energy payments for June to tower firms.

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