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Vodafone Idea shares surge after reports of bank guarantee waiver

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Vodafone Idea’s shares witnessed increased activity after the Indian government waived the need for a ₹7,000 crore bank guarantee, easing the telecom operator’s financial strain. The relief, tied to adjusted gross revenue dues, is seen as a significant step in the company’s recovery efforts, helping reduce its liquidity pressure amidst stiff industry competition. https://www.indiaweekly.biz/vodafone-idea-shares-bank-guarantee-waiver/

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