March 3rd, 2022 7:53 PM 4 COMMENTS

Vodafone Idea Approves Rs 14,500 Crore Fund-Raising via Preferential Shares and Equity

In a new development, the board of Vodafone Idea (Vi) on Thursday has approved raising Rs 14,500 crore from its primary promoters – UK’s Vodafone Group as well as Aditya Birla Group (ABG) along with other external investors. The telecom operator is all set to raise Rs 4,500 crore which is approximately $600 million through preferential shares issued at Rs 13.30 per share to its promoters as well as related... Read More

February 16th, 2022 10:04 AM 0 COMMENTS

Vodafone Idea Counting on SBI Capital Markets for Raising and Restructuring Loan

Vodafone Idea has reportedly appointed SBI Capital Markets last week for negotiating the restructuring of its current loan. The telco’s loan is worth around Rs 20,000-23,000 crore today which needs to be paid in the next four years. Not just the restructuring, but SBI Capital Markets will also help Vodafone Idea in raising fresh loans. This loan will allow the telco in raising capex levels so that it could expand... Read More

December 1st, 2021 12:17 PM 7 COMMENTS

Vodafone Idea Might Attract Outside Investors Following Tariff Hikes

Post the tariff hikes, Vodafone Idea’s stock has been soaring. One of the biggest boosts for Vodafone Idea’s future was the announcement of tariff hikes from Reliance Jio. With all the operators moving their tariffs up, there will not be that big a worry about subscriber market share to Vodafone Idea. In the last few months, Vodafone Idea’s future has changed for the good. The telco firstly benefited from the... Read More

February 10th, 2021 10:06 PM 0 COMMENTS

Vodafone Idea Fundraise Talks With Foreign Lenders’ Consortium to Continue Till February 28

Struggling telecom operator Vodafone Idea will continue extensive fundraising talks with foreign lenders’ consortium till February 28. The consortium is led by Oak Hill Advisors and the telco is looking to raise $2 billion via credit line. The earlier deadline for the fundraising talks was January 31, however, it has now been extended till the end of this month. This news is reported by ET Telecom citing three people aware... Read More

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