InterneTelecom InterneTelecom
including Vodafone Idea Telecom Regulatory Authority Authority of India Bharti Airtel Limited Reliance Jio Ryan Daws China Telecom

Aditya Birla Group

Vodafone Idea allots shares worth Rs 36,950 crore to the govt, stake in company increases to 48.99 pc

Vodafone Idea allots shares worth Rs 36,950 crore to the govt, stake in company increases to 48.99 pc

The latest development comes only weeks after VI chief executive Akshaya Moondra had appealed to Department of Telecommunications (DoT) secretary Neeraj Mittal to urgently allow equity conversion of the telco’s upcoming adjusted gross revenue (AGR) and purchase dues relating to the 2012, 2014, 2015 and 2016 spectrum auctions as the cash-strapped company braces for a spike in regulatory payouts.

Vi board meet on Dec 9 to consider upto Rs 2000 cr capital raise by share issue to co-promoter Vodafone

Vi board meet on Dec 9 to consider upto Rs 2000 cr capital raise by share issue to co-promoter Vodafone

“…a meeting of the Board of Directors of the Company is scheduled on December 9, 2024, inter-alia, to consider a proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group,” Vi said in a late evening exchange filing.