Vodafone Plc's arbitration win unlikely to change its investment stance

The victory at the Hague however will boost sentiment for the stock

Topics
Vodafone | Adjusted gross revenue | Voda idea

Ram Prasad Sahu 

Vodafone Group Plc’s victory in an arbitration case initiated by it in 2014 against a tax demand of Rs 20,000 crore at the Permanent Court of Arbitration at The Hague will boost investor sentiment. However, it is unlikely to change its stance on investments in its Indian joint venture Vodafone Idea, believe analysts.

Vodafone Plc owns just under 45 per cent in the telecom venture. Ambareesh Baliga, an independent analyst, says the decision is positive for Vodafone Plc and could help make the fund raising process easier. Vodafone Idea is planning to raise Rs 25,000 crore via ...

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First Published: Fri, September 25 2020. 21:11 IST
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