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cash flow relief


Timely support by govt; will offer cash flow relief to telco: Citi on VIL dues to equity conversion

Timely support by govt; will offer cash flow relief to telco: Citi on VIL dues to equity conversion

The government's decision to convert Rs 36,950 crore dues of Vodafone Idea (VIL) into equity is a "major" and "timely" display of support that will offer significant cash flow relief to the telco in the next three years and help it complete long-delayed bank debt raise, Citi said on Monday.