Vodafone Group and the Birlas hold 44.3 per cent and 27.7 per cent stake respectively in Vi
The board approved issuance of up to 3.38 bn equity shares at issue price of Rs 13.30 per share
Vodafone and Aditya Birla Gourp intend to contribute towards an issue of equity shares by Vi once the terms of such a capital raise have been evaluated and decided on by the board of directors of Vi.
A combined 74.4 million equity shares had changed hands on the bourses till 9:52 AM. According to reports, British telecom giant Vodafone was in discussions to sell around 5% stake in Indus Towers
Vodafone has launched an initial sale of 63.6 million Indus shares through an accelerated book building offering and said it was in talks with various parties regarding the sale of its remaining share
The mid-and small-cap indices on the BSE were down over 1 per cent each as against a similar per cent gain on the S&P BSE Sensex so far this year.
The E band spectrum (71-76 GHz and 81-87 GHZ) can be used by telcos for the backhaul of towers, replacing the microwave linkage, and is crucial to enable high speed data in large volumes
Tata group-owned telecom companies withdraw their offers over differences in calculations
Improvement in the industry dynamics post telecom reforms announced by the government, which addressed the liquidity woes of the sector, led to the upgrade said Care Ratings.
Adani Green, Apollo Tyres, Adani Total Gas, Balrampur Chini, Dabur, eClerx, HDFC, IOB, Jubilant Foodworks, M&M Financial, Tata Consumer and Zee to announce results today.
Follow-up buying in some of these stocks can see them move up in the sessions ahead. However, investors need to be mindful of the overall market volatility besides the technical setup
Aim to conclude fundraising exercise this financial year, says Ravinder Takkar
While government relief (option of conversion of dues into equity) ensures the survival, the company needs to raise capital as early as possible to stay competitive, ICICI Securities said.
Gross revenue down 10.8% to Rs 9,717 crore, EBITDA slips by same margin to Rs 3,816 crore
While the overall subscriber base has declined as a result of the tariff interventions, the 4G subscriber base remained resilient, says CEO Ravinder Takkar
Vodafone Idea continues to lose customers and in November its subscriber base shrank by 1.8 million
'DIPAM is likely to work on the details and then send it to the Department of Telecom. The process should not take more than a month,' says a senior government official
Equity dilution and discounted price of debt conversion has worried investors of Vodafone Idea and Tata Teleservices. Are these concerns warranted? How can they survive post conversion? Let's find out
Significant rise in ARPU needed to ease debt worries
Takkar reiterated that the company's existing promoters and management will continue to be in charge of the company. There will be no government nominees on the board either.