Indus Towers expects cash flows to improve in FY25 as it’s confident of quickly recovering its backlog of past dues from key customer, Vodafone Idea (Vi), especially as the latter has recently raised Rs 18,000 crore via the follow-on public offer (FPO) route. Indus’ leadership added that the tower company’s board would definitely take a call on dividend payouts in FY25, though, the timing would hinge on how rapidly Vi is able to clear its past overdues. “Now that the fundraise has occurred, we... Read this story
