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Vodafone clears £109 million debt related to its Indian subsidiary, Vodafone Idea Limited.
UK-based Vodafone Group has cleared a debt of about Rs 11,650 crore (£109 million) related to its Indian subsidiary, Vodafone Idea Limited (VIL).
The debt was secured by pledging nearly its entire stake in VIL to HSBC Corporate Trustee Company (UK).
The repayment has removed the encumbrance on the shares, valued at around Rs 11,649 crore, representing 22.56% of VIL's equity share capital.
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Vodafone cancela £109 millones de deuda relacionada con su subsidiaria india, Vodafone Idea Limited.