Vodafone Idea extends redemption deadline for ATC OCDs to 18 months

Kolkata: Vodafone Idea (Vi) has extended the redemption span of 8,000 optionally convertible debentures (OCDs) – out of the Rs 16,000 issued to American Tower Corp’s India arm (ATC Telecom Infrastructure Pvt Ltd) – to 18 months from the allotment date, instead of the earlier six-month deadline.

Back in Febuary 2023, Vi had allotted OCDs worth Rs 1,600 crore to ATC TIPL against its dues. Vi is estimated to owe ATC around Rs 2,000 crore.