Does Vodafone Idea have a cushion to sail through the current year?

Much would depend on whether the govt gives it yet another year's moratorium on Rs 8,200 cr spectrum payment due next March, and its ability to raise Rs 25,000 cr more from investors

Vodafone Idea (VIL) was banking on a favourable judgment from the Supreme court on the calculation of its AGR dues, which would have reduced its cash shortfall for running the business in FY22.

But the expectation by analysts that its AGR could go down by half (from Rs 8,000 crore per annum) is now history, with the Supreme court today rejecting its plea and raising the spectre on whether it can survive as a going concern.

So the key question is whether VIL has enough cushion to sail through even FY22. That would clearly depend