Govt returns bank guarantees to Voda Idea, Airtel - Economic Times
4/8/2022 12:00:00 AM3 years 10 months ago
by Anandita Singh Mankotia
by Anandita Singh Mankotia
The department didnt mention the specific amounts worth of BGs that were returned. But an official said that BGs worth Rs15,000 crore were returned to Vodafone Idea and worth Rs7,000 crore were returned to Airtel.
The telecom department has returned bank guarantees (BGs) of Rs 15,000 crore to Vodafone Idea (VIL) and Rs 7,000 crore to Bharti Airtel (BAL) and asked the telcos to refurnish BGs of an amount equal … [+4164 chars]
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