Vodafone group offloads 18% stake in Indus Towers for ₹15,300 cr; Airtel buys 1%
U.K.-based Vodafone group will use the funds raised to substantially repay its outstanding bank borrowings of €1.8 billion secured against Vodafone's Indian assets
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Vi stock tanks 4% after Vodafone Group says telco needs liquidity support
Shares of Vodafone Idea plunged 4% to ₹7 apiece on the NSE.
Vodafone Idea plans to raise ₹500 cr from promoter
A meeting of the board of directors of the telecom company is scheduled to be held on Wednesday, 22nd June 2022, to consider a proposal for raising funds aggregating up to ₹500 cr.
Vodafone Idea shares fall 5% despite fundraising plan; here’s why
Brokerage firm Nomura has retained its 'reduce' call on Vodafone Idea with a target price of ₹8 per share, suggesting a potential 28% downside from Thursday’s closing price of ₹11.08.
Airtel to purchase 4.7% of Vodafone’s stake in Indus Towers
The deal comes with a stipulation that the proceeds shall be used to induce fresh equity in Vodafone Idea and simultaneously remitted to Indus Towers.
