Vodafone-Idea Narrows Net Loss To Rs 4,532 Crore For Q3 Of FY2021

Vodafone-Idea has narrowed its loss to Rs 4,532 crore in the Q3 of FY21 after gaining Rs 2,118 crore by selling an 11.5% stake in Indus Towers to the merged Bharti Infratel-Indus Towers. Reportedly, the company posted Rs 7,218.5 crore net loss in the Q2 of FY21 and Rs 6,438 crore for the same period in the previous year. However, improving subscriber retention during the past quarter, the company has allowed raising to Rs 25,000 crore funds.