Vodafone Idea announces ₹18,000 cr FPO; fixes price band, lot size, dates
Vi shareholders have approved a ₹20,000-cr fundraising plan via a combination of equity and equity-linked instruments; telco aims to raise ₹45,000 cr
Vi shareholders have approved a ₹20,000-cr fundraising plan via a combination of equity and equity-linked instruments; telco aims to raise ₹45,000 cr
Vi is facing capital constraints, but is in a much better position than telcos that went defunct in the not-so-distant past, says ICICI Securities
Shares of Vodafone Idea plunged 4% to ₹7 apiece on the NSE.
The Vodafone Idea board meeting held on Monday has approved the conversion of the full amount of interest related to spectrum auction instalments and AGR into equity.
As per the new shareholding pattern, promoter shareholders Vodafone Group and Aditya Birla Group will hold 28.5% and 17.8%, respectively.