Key Points
MUMBAI - Vodafone Idea Ltd has received shareholders consent for its proposal to raise Rs 20,000 crore through a combination of equity and equity-linked securities...
With shareholders approval in place, the company expects to complete the equity fund raise in the current quarter..
The promoters will also participate in the proposed equity raise, as committed earlier, the company had said.. Vodafone Idea remains actively engaged with its lenders for tying up debt funding, which will follow the equity fundraising..
As of December end, Voda 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...
The company managed to trim its consolidated net loss to Rs 6,986 crore in the quarter ended December, from Rs 7,990 crore a year ago, and Rs 8,738 crore a quarter ago...
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