India, Dec. 30 -- Vodafone Idea Ltd (VIL) is attracting attention following a communication from the Department of Telecommunications (DoT) concerning the waiver of bank guarantees. Additionally, the promoter entity, Vodafone Group, has resolved Rs 11,650 crore related to its outstanding dues that are secured against its shares in the domestic telecom operator.

The Department of Telecommunications (DoT) has eliminated the necessity for Bank Guarantees (BGs) concerning spectrum auctions that took place before the 2021 telecom reforms, providing significant relief to the telecom sector, particularly Vodafone Idea (Vi).

Monday morning's attention remained on Vodafone Idea Ltd. (VIL) shares, which have already dropped 56% in 2024. On Friday...