[ad_1] NEW DELHI: The govt will not take any suo motu legal opinion on the financial crisis for Vodafone Idea and Bharti Airtel after dismissal of a curative petition by the Supreme Court on the adjusted gross revenue (AGR) matter. Any view will be initiated only after a plea by the telcos, sources have said.“There…
[ad_1] Vodafone Idea FPO: Debt-ridden telecom company Vodafone Idea has announced its plans to offer shares worth Rs 18,000 crore in a further public offering (FPO) from April 18-22, with each share priced between Rs 10-11.This decision comes after a board meeting held by the company earlier today. The price of Rs 11 per share…
[ad_1] NEW DELHI: Vodafone Idea board on Tuesday approved a fund-raise of up to Rs 20,000 crore through a combination of equity and equity-linked instruments, the crisis-ridden telco said, adding promoters will also participate in the proposed equity raise. Overall, Vodafone Idea plans to raise around Rs 45,000 crore through a mix of equity and…
[ad_1] NEW DELHI: Despite opportunities of a windfall, govt has decided against diluting its stake in Vodafone Idea as the company, which has seen a surge in its share prices over the past few months, takes final steps towards fund-raise that will take place on Feb 27.At 33%, govt remains the largest shareholder in the…
[ad_1] NEW DELHI: The much-awaited fund-raise at Vodafone Idea seems to be happening soon. The debt-laden telco, which has been unable to start work on 5G services, said on Thursday it will consider a fund-raise in a board meeting on Feb 27, which many believe could be the first step towards a “multi-billion-dollar infusion” into…
[ad_1] NEW DELHI: Vodafone Idea (Vi) on Monday said its net loss narrowed to Rs 6,986 crore for the December quarter, aided by Rs 755.5 crore one-time exceptional gainVi’s net loss stood at Rs 7,990 crore in the year-ago period. The company said its ARPU- – a key monitorable for telecom companies – stood at…
[ad_1] Mobile internet has become a crucial factor for the daily functioning of most users, be it work or entertainment. To cater to these evolving needs of consumers, telecom brand Vodafone Idea has enhanced its network capacity to offer an imoproved network experience to its customers in South Karnataka.Vi network capacity upgrade in Karnataka: More…
[ad_1] Vi — the telecom network formerly known as Vodafone Idea — on Friday announced the launch of its Rs. 3,199 annual prepaid recharge plan that comes with a yearly subscription to Amazon Prime Video for prepaid users. It allows Vi prepaid subscribers to stream their favourite shows on the OTT platform without any additional subscription charges….
[ad_1] Wealth destroyers on Dalal Street: In the past five years, fluctuations in the stock market have resulted in substantial gains for some companies and significant losses for others. According to a recent wealth creation study by Motilal Oswal, 10 stocks have recorded a staggering loss of Rs 564,300 crore during the period of 2018-2023….
