Vodafone Idea lenders to struggle in near-term: Analysts
Updated : November 15, 2019 07:30 AM IST
Vodafone Idea may see "significant" erosion in its market capitalization on Thursday after the company reported a massive net loss of Rs 50,921 crore in the quarter ended September 30, said market analysts'.
Analysts also said that the company's lenders, especially those who have not provided for the Vodafone Idea's Q2 loss, might struggle on the exchanges in the near term.
Vodafone Idea on Thursday posted a massive net loss of Rs 50,921 crore in the quarter ended September 30 on account of the Supreme Court's judgment on the AGR matter.