Vodafone Idea to consider raising up to Rs 2000 crore funds

Vodafone Idea to consider rasing funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group
Debt-ridden telecom major Vodafone Idea announced on Thursday, December 5, that its board will consider a proposal to raise ₹2,000 crore from entities belonging to promoter Vodafone Group. The development follows Vodafone Group’s announcement to sell a 3 per cent stake in Indus Towers to clear its debt of USD 101 million or about ₹856 crore and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea.
Vodafone Idea to consider up to Rs 2,000 crore fund raise on December 9 through a preferential issue to promoter group
The shares of Voda Idea will be in focus after Vodafone Plc announced plans to offload shares worth Rs 2,700 crore in a block trade on December 5.
Vodafone Idea Share Price Crashes On Announcement Of Rs 2,000 Crore Fund Raise; Should You Buy?
The shares of Vodafone Idea (Vi) saw a decline of 4% to Rs 8.06 on Thursday, December 5, in intra-day trade after the company revealed plans to raise up to Rs 2,000 crore through a preferential equity issuance.
Vodafone Idea Eyes Rs 2,000 Crore Fundraise Amid Debt Challenges
Debt-laden telecom major Vodafone Idea plans to raise Rs 2,000 crore from Vodafone Group to address financial troubles. Vodafone Group's sale of a 3% stake in Indus Towers aims to clear USD 101 million debt and fund Vodafone Idea.
Vodafone Idea to raise Rs 2000 crore
The development follows Vodafone Group’s announcement to sell a 3 per cent stake in Indus Towers to clear its debt of $101 million or about ₹856 crore and use the residual amount to pay outstanding du
Debt-ridden Vodafone Idea to raise Rs 2,000 cr from Vodafone Group
Debt-ridden telecom firm Vodafone Idea on Thursday said its board will consider a proposal to raise Rs 2,000 crore from entities belonging to promoter Vodafone Group.
The Financial Express11h
Vodafone Idea unveils ‘Superhero’ prepaid plans with unlimited data to woo customers: Details
Vodafone Idea (Vi) is stepping up its game to retain subscribers and attract new ones with its latest “Superhero” prepaid ...
Vodafone Idea, Indus Towers shares jumped up to 5% in fag-end trade today; here's why
Shares of Vodafone Idea Ltd (VIL) and Indus Towers Ltd saw a decent uptick as Wednesday's trading session approached closure.
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Vodafone Idea shares are now 25% below their FPO price ahead of December 9 board meet
Vodafone Idea will hold a board meet on December 9 to consider issuing shares or other convertible securities to a promoter ...
Vodafone Idea launches new ‘Super Hero’ data plan for prepaid users
With this plan, prepaid customers enjoy unlimited data for half a day, from 12 AM to 12 Noon,” Vi said in a statement.
2 reasons why Vodafone Idea shares are in focus today
Vodafone is offloading 3 per cent stake, or 79.2 million shares, in Indus Towers -- held by Omega Telecom Holdings Private ...
Vodafone Idea, Indus Towers shares jump up to 5% around market closing time. Here's why
Vodafone PLC will sell its remaining 3% stake in Indus Towers to repay Vodafone Idea's debt. The proceeds may also be used to ...
Vodafone to sell 3 pc stake in Indus Towers for ₹2,841 cr to clear debt, part payment of Vi dues
New Delhi, Dec 4 (PTI) British telecom company Vodafone will sell 3 per cent stake in Indus Towers to clear its debt of USD 101 or about ₹ 856 crore and use the residual amount to pay outstanding dues ...
Bharti Airtel, Vodafone Idea: What CLSA says on market share post tariff hikes
Jio commanded a 41.6 per cent market share in revenue terms, followed by Bharti Airtel (38.6 per cent) and Vodafone Idea ...