Vodafone Idea makes NCD payments to holders on time

Vodafone Idea (Vi) had paid holders of non convertible debentures (NCDs), which included their principal amount along with interest, meeting the scheduled deadlines.

" In terms of regulations of the Securities and exchanges Board of India ...we hereby certify that the Company has made timely payment of principal amount together with interest in respect of under mentioned debentures issued by the Company," said Vi in a regulatory filing on Tuesday.

The telco said that the unsecured redeemable NCDs were at 7.57% and this comes at a time when Vi has received a big boost from the telecom relief package and is in talks with investors to raise funds.