Key Points
MUMBAI - Vodafone Idea Ltd said on Wednesday that its board will meet on April 6 to consider and approve the proposal for the issuance of equity shares or convertible securities on a preferential basis...
This comes after the telecom operator on Tuesday received shareholders approval to raise Rs 20,000 crore through equity linked instruments...
In the proposed fundraising by the company, promoters will also participate, Vodafone Idea had said.. Besides raising funds via equity, the cash-strapped operator is also engaging with its lenders for tying up debt funding...
As of December end, Vodafone Ideas gross debt stood at Rs 2.15 lakh crore, comprising deferred spectrum payment obligations of Rs 1.38 lakh crore, AGR liability of Rs 69,020 crore due to the government, optionally convertible debentures amounting to Rs 1,660 crore, besides dues towards banks and financial institutions...
You might be interested in
Voda Idea promoters ready to put in more funds: Moondra
26, May, 23The CEO says discussions with external investors have picked up pace over the past month after the conversion of equity by the Indian government,
Potential equity dilution in Vodafone Idea may keep investors at bay
29, May, 23The telecom operator is presently banking on the government’s moratorium on past adjusted gross revenue (AGR) and spectrum-related dues.
Vodafone Idea board to meet on February 27 to mull equity fundraising
22, Feb, 24The fundraising could be in one or more tranches through equity instruments, including rights issue, preferential issue of shares, qualified institutional placement of shares, or a combination thereof as may be considered appropriate.
ATC to get 2.9% in Vodafone Idea, converts OCDs worth ₹1,440 cr to equity
19, Mar, 24Vodafone Idea owes significant dues to vendors and tower services providers including ATC and Indus Towers.
Voda Idea board approves 45,000cr funding infusion
28, Feb, 24India Business News: Vodafone Idea board approves a funding infusion of Rs 45,000 crore through a mix of equity and debt. The company aims to invest in network expansion and launch high-speed 5G services to compete with Reliance Jio and Bharti Airtel.
VIL board approves up to Rs 20,000 cr equity fundraise; co to raise Rs 45,000 cr via equity, debt
27, Feb, 24New Delhi, Feb 27 (PTI) Struggling telecom firm Vodafone Idea on Tuesday said its board has approved raising up to Rs 20,000 crore in equity from promoters and other investors by June as it looks to shore up finances for much delayed 5G roll out and strengthening 4G services. The debt-laden firm, where the government […]
Vodafone Idea revival plan led by Rs 14,000 crore equity infusion
14, Jun, 23Vodafone Idea is planning to infuse a total equity of Rs 14,000 crore, with Aditya Birla Group and UK's Vodafone Group contributing half of the amount, as part of its business revival plan. ABG and Vodafone Group are expected to invest Rs 2,000 crore as fresh equity while working to raise another Rs 7,000 crore from external investors.
Vodafone Idea gets board nod to raise Rs 20K crore via equity, debt
28, Feb, 24Vodafone Idea board on Tuesday approved a fund-raise of up to Rs 20,000 crore through a combination of equity and equity-linked instruments, the...
Vodafone Idea set for Rs 20,000 crore fundraise; shareholders' nod awaited
27, Feb, 24The telecom company plans to hold an extraordinary general meeting (EGM) with shareholders on April 2 to seek approval for the proposed fundraising.