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沃达丰(Vodafone)不考虑进一步支付沃达丰正在CLM的想法
英国总部公司,在2022财政年度的初步结果,进一步说,它认为没有支出从6400卢比的语料库机制下设置为3月31日,2022年,“重大不确定性与维尔的支付能力(Vodafone)与剩余债务覆盖的机制”。
英国总部公司,在2022财政年度的初步结果,进一步说,它认为没有支出从6400卢比的语料库机制下设置为3月31日,2022年,“重大不确定性与维尔的支付能力(Vodafone)与剩余债务覆盖的机制”。
它补充道,手头拮据的维尔“仍然需要债权人的额外流动性支持,并打算筹集额外资本”。不再考虑事实,“现金支付被认为可能从该集团在2022年3月31日”。
在机制下,沃达丰集团注入1900卢比在FY21垂直注入逻辑。包括,沃达丰集团的总暴露在CLM是8400卢比。
负债累累的维尔并没有公布利润在任何季度合并以来,已迅速失去用户,而其债务激增超过十万的1.96卢比在3月结束,迫使边缘。去年9月宣布政府的救援计划给了它一些喘息的空间,它一直在与潜在投资者筹集10000卢比也与贷款人放宽还款条款。
今年3月,维尔筹集了4500卢比的推动者,沃达丰集团投入3375卢比,其余来自Aditya Birla)组。筹集的资金被用来解决由于印度塔。
沃达丰集团周二还澄清说,印度被列为“持有待售的浓缩合并财务状况表自2021年3月31日和印度河集团共享的结果不是反映在该集团的合并损益表截至2022年3月31日的一年”。
股票发行后,沃达丰保留5.671亿股,或21%,在印度河和该公司表示,仍在与几个感兴趣的讨论出售其资产。
沃达丰集团也重申,它可能是“没有义务”3月结束从印度的回顾2012年税收修正案,但尚不清楚是否新德里将撤回挑战电信获得了较早的仲裁裁决。
资本筹集必要的沃达丰想法参与5 g拍卖,市场竞争力:分析师
“我们相信维尔将需要一个有意义的筹资在近期参加5 g频谱拍卖以及强大的结构改进和周期性的税率来满足现金流出后四年的禁令,”瑞士经纪瑞士信贷(Credit Suisse),反过来,在给客户的报告中说。
这是长期以来有关税收与印度的争端,曾声称22000卢比不是电信的预扣税2007收购和记黄埔的67%。
印度去年8月废除税收法案修正案于2012年通过,在新德里要求沃达丰预扣税的溯及力。的法律推翻了SC秩序,支持电信的立场,没有支付税收,推动该公司寻求国际2013年仲裁。它在2020年获得优惠的订单时,印度已在新加坡的挑战。
但解决这个悬而未决的问题,印度已经答应退还税收已经收集并收回所有的诉讼和仲裁。作为回报,公司必须给一个承诺,他们将在所有论坛和撤回诉讼将放弃任何损失,利息或其他费用。
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<\/figure>UK\u2019s Vodafone Group Plc<\/a>, co-promoter of Vodafone Idea Ltd (VIL<\/a>), is not considering any further payments to the loss-making Indian telco under the contingent liability mechanism (CLM) put in place during the merger of Vodafone India and Idea Cellular, citing uncertainties in specific conditions being fulfilled.The UK headquartered company, in its preliminary results for fiscal year 2022, said that it sees no further outgo from the corpus of Rs 6,400 crore set under the mechanism as on March 31, 2022, as \u201csignificant uncertainties in relation to VIL\u2019s ability to make payments (to Vodafone) in relation to any remaining liabilities covered by the mechanism\u201d.
It added that cash-strapped VIL \u201cremains in need of additional liquidity support from its lenders and intends to raise additional equity capital\u201d. Considering the facts, \u201cno further cash payments are considered probable from the group as at 31 March 2022\u201d.
<\/div><\/div>The CLM was agreed upon when the merger came into effect in August 2018. It states that both Vodafone Group<\/a> and VIL would reimburse each other on set dates for certain identified pre-merger liabilities and assets that could crystallise in future.
Under the mechanism, Vodafone Group infused Rs 1,900 crore in VIL in FY21. Including that, Vodafone Group\u2019s total exposure through the CLM was Rs 8,400 crore.
Debt-laden VIL has not posted a profit in any quarter since the merger and has rapidly lost subscribers, while its debt has ballooned to over Rs 1.96 lakh crore at March end, forcing it to the brink. The government\u2019s relief package announced last September has given it some breathing space, and it has been in talks with potential investors to raise Rs 10,000 crore and also with lenders to ease repayment terms.
In March this year, VIL raised Rs 4,500 crore from its promoters where Vodafone Group put in Rs 3,375 crore and the rest came from the Aditya Birla Group. The funds raised were used to settle amounts due to Indus Towers.
Tuesday, the Vodafone Group also clarified that Indus has been classified as \u201cheld for sale in the condensed consolidated statement of financial position since 31 March 2021 and the group\u2019s share of Indus\u2019 results is not reflected in the group\u2019s consolidated income statement for the year ended 31 March 2022\u201d.
Under the mechanism, Vodafone Group infused Rs 1,900 crore in VIL in FY21. Including that, Vodafone Group\u2019s total exposure through the CLM was Rs 8,400 crore.
Debt-laden VIL has not posted a profit in any quarter since the merger and has rapidly lost subscribers, while its debt has ballooned to over Rs 1.96 lakh crore at March end, forcing it to the brink. The government\u2019s relief package announced last September has given it some breathing space, and it has been in talks with potential investors to raise Rs 10,000 crore and also with lenders to ease repayment terms.
In March this year, VIL raised Rs 4,500 crore from its promoters where Vodafone Group put in Rs 3,375 crore and the rest came from the Aditya Birla Group. The funds raised were used to settle amounts due to Indus Towers.
Tuesday, the Vodafone Group also clarified that Indus has been classified as \u201cheld for sale in the condensed consolidated statement of financial position since 31 March 2021 and the group\u2019s share of Indus\u2019 results is not reflected in the group\u2019s consolidated income statement for the year ended 31 March 2022\u201d.
<\/div><\/div>In February and March, Vodafone Group sold 7.1% of its stake in Indus Towers\u20142.4% via a block deal and 4.7% to Bharti Airtel\u2014raising some Rs 3,831. The UK major said it invested Rs 3,375 crore of the proceeds by subscribing to newly-issued VIL equity, which VIL immediately used to partially settle outstanding payments to Indus Towers. \u201cThis transaction resulted in an equivalent partial release of the primary pledge, with the remaining INR 4.4 billion proceeds of the share disposal remaining secured for further utilisation by Indus Towers.\u201d
After the share sales, Vodafone retains 567.1 million shares, or 21%, in Indus and the company said it continues to be in discussions with several interested parties to sell its balance holding.
Vodafone Group also reiterated that it is likely that it has \u201cno present obligation\u201d as of March end from India\u2019s retrospective tax amendment in 2012 but is still unclear whether New Delhi will withdraw its challenge to an earlier arbitration award the telco had won.
After the share sales, Vodafone retains 567.1 million shares, or 21%, in Indus and the company said it continues to be in discussions with several interested parties to sell its balance holding.
Vodafone Group also reiterated that it is likely that it has \u201cno present obligation\u201d as of March end from India\u2019s retrospective tax amendment in 2012 but is still unclear whether New Delhi will withdraw its challenge to an earlier arbitration award the telco had won.