VODAFONE IDEA Rating

VODAFONE IDEA Rating 

CLSA ON VODAFONE IDEA

• Maintain Underperform, Target at Rs 9/share
• AGR hearing, Videa fundraising & tariff hikes delayed but still inevitable
* Supreme Court's delay in hearing on AGR
• Planned US$3.4bn fundraising delayed
* Floor tariffs or hikes delayed but inevitable
* Resolution likely ahead of crisis in April 2022