ATC India to Convert OCDs Issued by Vodafone Idea into Equity Shares
Vodafone Idea Limited (VIL) has announced the conversion of Optionally Convertible Debentures (OCDs) into equity shares, following a request from ATC Telecom Infrastructure Private Limited (ATC). The conversion, valued at Rs 14.4 billion (Rs 1,440 crore), will result in the issuance of 144 crore fully paid-up equity shares with a face value of Rs 10 each, Vodafone Idea said on Tuesday. Reportedly, ATC will hold around 2.9 percent of the... Read More