On the debt side, nearly Rs 5,400 billion is expected to be paid by the end of March. Of this, Rs 533 million is the main payment for spectrum. On the other hand, Rs 3,200 crore is debt from banks and financial institutions.
Debt from banks and financial institutions decreased by 54% from the previous year’s third quarter to Rs 6,050 billion.
There are also Rs 1,600 crore of optionally convertible debentures.
Excluding lease debt, total debt including accrued interest stood at Rs 2,140 crore as on December 31. This comprises Rs 1,380 crore of deferred spectrum payment obligations payable to the government and Rs 69,020 crore of AGR debt. .
However, after the four-year moratorium on AGR dues is lifted, the liability to be paid in FY26 will be Rs 30,000 crore. Of this amount, Rs 28,000 crore will be paid to the government and the rest to banks and financial institutions.
Funding will be critical for the company to meet these obligations and deploy 5G.
The company had earlier announced that the promoter group had committed to infuse Rs 2,000 crore as per the need.
Vodafone Group Plc holds 18.1% stake in Vodafone Idea, while Aditya Birla Group holds 32.3% stake.
The initiative will be part of an overall equity raise, Moondra said. “However, that support is available where it is necessarily necessary for businesses to meet their immediate obligations.”
