Vodafone Idea, once a rising star of AV Birla Group, is now in the dumps

The possible liquidation of Vodafone Idea will be one the fastest declines of an industry major and once one of India’s top companies in terms of revenues, assets and market capitalisation. Just four years ago, Vodafone Idea (Idea Cellular earlier) was the most valuable member of the Aditya Birla group and the fastest growing mobile operator in the country with the industry's best financial ratios. At end of March 2015, Vodafone Idea had net debt to equity of 0.6x against Bharti Airtel’s 1.8x. Vodafone Idea was the biggest beneficiary of the mobile number portabilit.....

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