Spectrum auction: Reliance Jio acquires 1800 MHz for ₹974 cr
Jio has acquired the right to use spectrum in the 1800 MHz band in Bihar and West Bengal for ₹973.63 crore.
Jio has acquired the right to use spectrum in the 1800 MHz band in Bihar and West Bengal for ₹973.63 crore.
The company says it has long-term relationships with some of the top ISPs and telecoms firms in Europe.
Over 1,636 crore new equity shares of Vodafone Idea allotted to investors under the FPO were listed on the exchanges today.
The ₹18,000 crore FPO of Vi, the largest so far by an Indian company, was overall subscribed 6.36 times, led by QIBs and NIIs.
Post listing, Bharti Hexacom shares surged as much as 35% to hit a high of ₹769 on the NSE, while it touched a high of ₹768.95 on the BSE.
A fictitious and satirical take on the predicament of a troubled telecom operator
The board of Vi has approved an issuance of up to 139.5 crore equity shares at an issue price of ₹14.87 per equity share to Oriana Investments, an entity under the Aditya Birla Group.
The 5G capital expenditure cycle of Reliance Industries is expected to conclude soon.
The IPO is completely an OFS of 15% stake by the Government of India through Telecommunication Consultants of India.
The IPO is entirely an offer for sale (OFS) of up to 10 crore equity shares by the only public shareholder Telecommunications Consultants India.