Sunday, December 22

Tag: vodafone idea

Voda Idea raises Rs 5,400 cr from anchor investors, allots 4.9 bn shares | Company News
17Apr By adminNo Comments
Business

Voda Idea raises Rs 5,400 cr from anchor investors, allots 4.9 bn shares | Company News

Vodafone Idea has set the price band for the FPO at Rs 10-11 per share. Shares of Vodafone Idea last closed at Rs 12.9, down 1.9 per cent from its previous close | (Photo: X@VodaIdea_NEWS)3 min read Last Updated : Apr 17 2024 | 9:00 AM IST Vodafone Idea has allotted 4.9 billion shares to anchor investors at Rs 11 apiece—the top end of the price band—to raise Rs 5,400 crore. A total of 74 different schemes received allotments in the anchor category. US-based GQG Partners subscribed to shares worth Rs 1,347 crore—nearly a quarter of the available shares in the anchor category. Other large subscribers included Fidelity, Stichting, Redwheel, Motilal Oswal Mutual Fund, and Troo Capital. The allottees were decided after the 'capital raising committee' meeting of Vodafone Id...
Read More
Vodafone Idea Rs 18,000-crore FPO Anchor Book Opens Today, Stock Falls 4%
16Apr By adminNo Comments
Business

Vodafone Idea Rs 18,000-crore FPO Anchor Book Opens Today, Stock Falls 4%

Last Updated: April 16, 2024, 11:00 ISTGQG, Fidelity, HDFC MF, Quant MF to invest in Vodafone Idea’s FPOVodafone Idea Shares: The drop comes in reaction to the follow-on public offering (FPO) anchor book, which will open today.Shares of Vodafone Idea dropped as much as 3.95 per cent to hit an intraday low of Rs 12.64 per share. The drop comes in reaction to the follow-on public offering (FPO) anchor book, which will open today.Vodafone Idea shares have plunged 25.19 per cent year-to-date (YTD), but have surged 7 per cent in the past 6 months.Aparna DebAparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious abo...Read More
Read More
Vodafone Idea Shareholders Approve Rs 20,000-Crore Fundraising Plan; Check Details
3Apr By adminNo Comments
Business

Vodafone Idea Shareholders Approve Rs 20,000-Crore Fundraising Plan; Check Details

Vodafone Idea conducted an extraordinary general meeting (EGM) with shareholders on April 2 to seek approval for the proposed fundraising.After the fundraising reports, Vodafone Idea's shares on Wednesday rose Rs 0.27, or 2.01 per cent, to Rs 13.71 apiece on the BSE during the dayVodafone Idea’s (Vi) shareholders on Wednesday approved the company’s plan to raise Rs 20,000 crore in fundraising through a combination of equity and equity-linked instruments. Following this, its shares gained over 2 per cent.The fundraising could be by way of issue of equity shares or by way of any instruments including securities convertible into equity shares, Global Depository Receipts, American Depository Receipts or bonds including foreign currency convertible bonds, convertible debentures, warrants, etc....
Read More
Vodafone Idea: No plan to acquire Voda Idea, says Verizon exec
20Sep By adminNo Comments
Business

Vodafone Idea: No plan to acquire Voda Idea, says Verizon exec

CHENNAI: Amid reports that US telecom giant Verizon is among top suitors to acquire cash-strapped Vodafone Idea, a global Verizon official denied such plans on Tuesday."We are not buying Vodafone, definitely not...It's not a question of regulatory [climate] but of opportunity. If the US wasn't big enough or wasn't growing, we would have looked [at India]. There is opportunity for us [consumer division] to grow further in the US and thus we are staying focused and doubling down capital committments there," Sowmyanarayan Sampath, CEO, Verizon Consumer Group, said in a media interaction here.Vodafone Idea also denied that it was in talks with Verizon, Amazon, or Elon Musk-owned Starlink on acquisition. "India is a critical part of our growth plans...It is about capabilities and accessing tal...
Read More
Vodafone Idea: Vodafone Idea pays Rs 1,700cr to govt for 2022 spectrum buy
17Sep By adminNo Comments
Business

Vodafone Idea: Vodafone Idea pays Rs 1,700cr to govt for 2022 spectrum buy

NEW DELHI: Embattled Vodafone Idea has paid Rs 1,700 crore to the government as part of payment towards 5G and other spectrum bought last year.The payment made by the company, which is facing heavy debt and mounting liabilities amidst loss of subscribers, also includes a small portion of interest towards delayed payment. It was supposed to pay the amount last month."We have received a cheque for Rs 1,700 crore by Vodafone Idea for spectrum and interest liabilities," an official source said. The beleaguered telco currently runs a massive gross debt of Rs 2.1 lakh crore while still reeling under crippling losses. The government holds a near 33% stake in the company in lieu of future interest payouts, and has been desperately trying to work out a revival, though the two key promoters are yet...
Read More