Friday, 24 March, 2023

Indus Towers  Sets Aside More Than Rs.1.7k Cr

<p>Indus Towers reported that it had set aside Rs 1,770.9 crore in the second quarter for &quot;uncertain&quot; debt, a sharp 43% increase from the previous quarter since the telecom infrastructure supplier had not yet received payment from a significant customer. It is thought that cash-strapped Vodafone Idea made the purchase (Vi). Indus said that it had accepted the customer&#39;s suggestion for lighter compensation terms.</p>