Vi is saddled with around ₹20,000 crore of overall payables (including ₹13,731 crore trade payables) and proposes to use the ₹24,000 crore equity capital recently raised only for fresh capex to expand 4G coverage and roll out 5G networks. Trade payables, typically, reflect Vi’s dues to vendors such as network gear suppliers and tower firms.
Life Insurance sector has strong growth potential amid regulatory changes; HDFC Life, SBI Life top picks
Private insurers in India saw a significant increase in their weighted received premium (WRP) during August 2024, growing 15% year-on-year. This was notably higher than