Vodafone Idea: Vodafone Idea pays Rs 300 crore of old dues to Indus Towers
Prior to the latest Rs 300 crore payment, Vis past dues to Indus were estimated upwards of Rs 10,000 crore as per industry estimates. Indus leadership, though, remained non-committal on dividend payouts amid improved collections from Vi, saying any board decision could be taken only by end-FY24, post-evaluation of collection trends and its impact on the tower companys free cash flow (FCF) situation.