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Vodafone Idea's board has approved the modification of the usage of its ₹25,000-crore rights issue proceeds to pay ₹2,826 crore towards loan repayment and redemption of non-convertible debentures. Earlier, this amount was to be a part of the ₹18,674.7-crore deferred payment liability to the Department of Telecommunications but the government deferred the spectrum payment for two years.
short by Kiran Khatri / 10:11 pm on 14 Jan
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