Vodafone Group releases its promise on VIL shares and pays lenders Rs 11,650 crore.

Nearly the whole share in VIL has been committed by Vodafone Group to pay off the debt. For the debt generated by Vodafone Group companies situated in Mauritius and India, a pledge was made in favor of HSBC Corporate Trustee Company (UK).According to a regulatory filing, the UK-based Vodafone Group has paid off debts totaling around Rs 11,650 crore, or 109 million pounds, that it raised against Vodafone Idea (VIL) shares. Nearly the whole share in VIL has been committed by Vodafone Group to pay off the debt.

For the debt generated by Vodafone Group companies situated in Mauritius and India, a pledge was made in favor of HSBC Corporate Trustee Company (UK).According to a regulatory filing, the UK-based Vodafone Group has paid off debts totaling around Rs 11,650 crore, or 109 million pounds, that it raised against Vodafone Idea shares. Nearly the whole share in VIL has been committed by Vodafone Group to pay off the debt.