InvestorQ : How do you see the impact of Vodafone paying back its debts to mutual funds?
Ria Jain made post

How do you see the impact of Vodafone paying back its debts to mutual funds?

Answer
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Anu Biswas answered.
3 months ago


The good news on the Vodafone Idea front appears to be that the MF schemes that had side-pocketed Vodafone Idea exposure have received interest payments from Vodafone Idea. While Templeton received Rs.102.71 crore as interest, UTI Mutual Fund and Nippon India Mutual Fund jointly received Rs.100 crore. It may be recollected that UTI and Nippon India Fund had side pocketed their exposures to Vodafone Idea bonds on 17 February after the CARE downgrade while Templeton had side pocketed on 24 January. This is a positive development for debt funds but it is also a hint that the telecom story may be finally turn around despite the Supreme Court judgment on Friday on the AGR issue.