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Vodafone Plc's arbitration win unlikely to change its investment stance

The victory at the Hague however will boost sentiment for the stock

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Experts believe that the decision by the Supreme Court last year on the adjusted gross revenue matter was probably the last straw that broke the camel’s back. | Photo: Shutterstock

Ram Prasad Sahu

3 min read Last Updated : Sep 26 2020 | 1:00 AM IST

Vodafone Group Plc’s victory in an arbitration case it had initiated in 2014 against a tax demand of Rs 20,000 crore at the Permanent Court of Arbitration in the Hague is set to boost investor sentiment.

However, it is unlikely to change its stance on investments in its Indian joint venture Vodafone Idea, believe analysts. Vodafone Plc owns just under 45 per cent in the Indian telecom venture.

Ambareesh Baliga, an independent analyst, said the decision is positive for Vodafone Plc and could help make the fund raising process easier.

Vodafone Idea is planning to raise Rs 25,000 crore via

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