Vodafone Idea Articles

Franklin Vodafone debt
July 16, 2020
Vodafone debt paid back, but Franklin still reeling from its quick decision to mark down telco’s NCDs to zero

The AMC’s markdown of Vodafone-Idea bonds exposure may have been one of the major contributors for investors heading toward the exit door at Franklin

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Debt repayment
July 11, 2020
Franklin MF gets payment from Vodafone Idea as bond matures; UTI MF and Nippon MF also receive dues

The debt fund schemes had segregated the exposure to Vodafone Idea after writing down its value to zero; now investors will be paid back the money in next few days

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Debt repayment
June 15, 2020
Vodafone Idea pays over Rs 100 crore interest to 6 Franklin debt MF schemes

The schemes had segregated the exposure to the telecom company after writing down value to zero; unitholders will get their proportionate payment from fund-house by the end of the week

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valuation of debt securities
February 20, 2020
Aditya Birla Sun Life MF cuts Vodafone Idea debt exposure valuation by 50%

CRISIL, CARE Ratings and Brickwork Ratings have downgraded Vodafone Idea debt to below investment grade rating of BB minus (BB-) after the telco’s viability is in question following the AGR dues fiasco

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side pocketing in mutual funds
February 18, 2020
Vodafone Idea debt: Side pockets created in 5 funds of UTI MF and 3 funds of Nippon India MF

CARE Ratings downgraded Vodafone Idea debt to below investment grade rating of BB minus forcing UTI MF and Nippon India MF side-pocket the debt

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debt funds loan exposure to Yes Bank promoter entities
January 25, 2020
Franklin Templeton MF creates side pockets in 6 debt schemes that wrote down Vodafone exposure to zero

Move comes a day post CRISIL downgrading debt securities of cash-starved Vodafone to below investment-grade

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NAV mark down
January 18, 2020
UTI, Nippon, ABSL MF schemes write down Vodafone Idea exposure after Franklin move

UTI Credit Risk hit the hardest with over 10% NAV drop

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PGIM MF NAV
January 17, 2020
Franklin MF debt funds write down Vodafone Idea exposure after SC refuses to review AGR judgement

The write-off has led to each of the Franklin schemes taking a 4-6% net asset value negative impact individually

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