The other bidders include Bharti Airtel, Värde Partners and UV Asset Reconstruction Company (UVARCL)
The issue opened Wednesday and has already been oversubscribed and according to banking sources the allocation of the shares will be made next week
The stock has rallied 6 per cent in the past two trading days on the QIP buzz
The numbers are based on changes in the company's balance sheet since the financial year 2014-15 (FY15) and upto September 2019
The industry has been seeking relief on penalty and interest on the AGR dues while asking for a staggered payment format
A look at the AGR definition controversy and it has played out since 1994, when companies were awarded telecom licences and the terms of reference for licence fees were defined
A three-judge bench headed by Justice Arun Mishra said the telecom service providers would have to pay now fines and penalties on the fees not paid
Half of the 390 million users may look at having one mobile number
In its July Budget, the government had targeted more than Rs 50,519 crore in 2019-20 from the telecom sector, an increase of 28% from the previous year
Last month, Bharti Airtel had said it would seek shareholders' approval at an EGM on January 3 for raising up to $ 2 billion through QIP
With 2019 drawing to a close, Business Standard looks at the biggest news developments from the world of business that shaped the year
The economic slowdown and uncertain environment have led investors to put their faith in quality and size.
Telecom companies owe the government Rs 92,642 crore in unpaid licence fee, and another Rs 55,054 crore in outstanding spectrum usage charges.
From DHFL's dues claim to Bharat Forge increasing stake in Aeron Systems, here are the top 10 business stories that made news on Monday
In October this year, Bharti Infratel had extended the deadline for merger by two months to December 24.
The Supreme Court order for including non-core revenue in telecom groups' gross adjusted revenue -- the figure on which the levies are charged -- revived the rivalry between Ambani and Bharti Mittal
It's been a bruising battle but Mittal has managed to remain standing without conceding much market share to his rival and keeping his debt under control
In October this year, Bharti Infratel had extended the deadline for merger by two months to December 24 as regulatory uncertainty loomed over the deal
'We are unnecessarily killing this industry in a manner and way that is not conducive for our industry, and that's why we need Trai intervention,' Mittal added
Incumbent operators fought a public battle against Reliance Jio for the extension of the regime