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Vodafone-Idea makes NCD payments to holders on time

News: Vodafone Idea had paid holders of non-convertible debentures (NCDs), which included their principal amount along with interest, meeting the scheduled deadlines. It has certified that the company has made timely payment of principal amount together with interest in respect of under mentioned debentures issued by the company, in a regulatory filing,

Views: This is in continuance with what the telecom had said in past week that had arranged funds and now the payment part has been executed. We believe that this comes as positive for banks like IDFC First Bank, Indusind Bank and Yes Bank.

Impact: Positive