Prior to the latest Rs 300 crore payment, Vi’s past dues to Indus were estimated upwards of Rs 10,000 crore as per industry estimates. Indus’ leadership, though, remained non-committal on dividend payouts amid improved collections from Vi, saying any board decision could be taken only by end-FY24, post-evaluation of collection trends and its impact on the tower company’s free cash flow (FCF) situation.
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