Vodafone Idea shares fell 4% after reports indicated no relief from the government on its Rs 6,090 crore bank guarantee due today. The company expected exemptions on guarantees for past spectrum auctions but faces a shortfall from the 2015 auction. With cash flow concerns and no breakthrough on debt funding, analysts warn of challenges in meeting the Rs 50,000-55,000 crore capital expenditure target by FY27.
