Vodafone Idea Limited is now a negative Rs 80,918 crore net-worth firm as of 31st March 2022

The ownership details of applicants for Spectrum Auction 2022 reveals VIL’s ever-decreasing net worth as of 31st March 2022.

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Telecom service provider Vodafone Idea Limited’s net worth has continued to nose-dive as per the ownership details of applicants for Spectrum Auction 2022 released by DoT. As per DoT’s release, Vodafone Idea Limited’s net worth as of 31st March 2022 stood at a negative Rs 80,918 crore.

As of 30th September 2020, VIL’s net worth stood at a negative Rs 43,474.7 crore. The net worth as of 31st March 2020 had stood at a negative Rs 10,931.5 crore. VIL’s paid-up capital as of 31st March 2022 stood at Rs 32,119 crores.

Adani Data Networks Net Worth

The net worth of Adani Data Networks as of the date of submission of the application has been disclosed as Rs 248.35 crore. The applicant company wants its promoter’s (Adani Enterprises Limited) net worth to be taken into consideration towards counting the eligibility for bidding for the spectrum auction. Adani Enterprises Limited has a net worth of Rs 4730.66 crore.

The net worth of Adani Data Networks as on the last audited statement has been disclosed as Rs 2.45 crore. The paid-up capital as of the date of submission of the application has been disclosed as Rs 250 crore whereas as on the last audited statement it was Rs 2.5 crore.

Reliance Jio Infocomm Net Worth

Reliance Jio Infocomm’s net worth as of 31st March 2022 has been disclosed as Rs 1,97,790 crore. The paid-up capital as of 31st March 2022 has been disclosed as Rs 1,54,125 crore.

RJIL’s net worth as of 31st December 2020 stood at Rs 1,79,617 crore whereas the paid-up capital as of 31st December 2020 stood at Rs 1,54,125 crore.

Bharti Airtel Net Worth

Bharti Airtel’s net worth as of 31st March 2022 has been disclosed as Rs 75,886.6 crore. The paid-up capital as of 31st March 2022 has been disclosed as Rs 2,795 crore.

Airtel’s net worth as of 31st December 2020 stood at Rs 71,301.3 crore whereas the paid-up capital as of 31st December 2020 stood at Rs 2,727.8 crore.

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Avatar of Basil Kannagi Arasu
Basil Kannagi Arasu

Editor-in-chief

Basil keeps an eye on the latest happenings in the Telecom sector. In his free time, you can find him streaming the Premier League which he started watching in 2013.

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The ownership details of applicants for Spectrum Auction 2022 reveals VIL's ever-decreasing net worth as of 31st March 2022.

Vodafone Idea Limited is now a negative Rs 80,918 crore net-worth firm as of 31st March 2022

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