VIL Board Okays Share Allotment to 3 Promoter Group Cos to Raise Rs 4,500 Cr
2 years, 8 months ago

VIL Board Okays Share Allotment to 3 Promoter Group Cos to Raise Rs 4,500 Cr

News 18  

Vodafone Idea on Thursday said its board has approved the allotment of 338.3 crore equity shares at Rs 13.30 per scrip to three promoters group entities – Euro Pacific Securities, Prime Metals and Oriana Investments – for about Rs 4,500 crore. “…the capital raising committee of the Board of Directors has, at its meeting held today…considered and approved the allotment of 3,38,34,58,645 equity shares of Rs 10 each for cash at an issue price of Rs 13.30 per equity share, aggregating to Rs 4,500 crore to the following allottees,” Vodafone Idea said in a BSE filing. Debt-ridden telecom operator Vodafone Idea has on March 3 informed that its board has approved raising up to Rs 14,500 crore, including Rs 4,500 crore from promoter entities — Vodafone and Aditya Birla Group. In a regulatory filing, the company had then stated that the board has cleared issuance of up to 338.3 crore equity shares of the face value of Rs 10 each at an issue price of Rs 13.30 per equity share for an aggregate consideration of up to Rs 4,500 crore.

Equity Share Crore Shares Promoter Vodafone Vodafone Idea Equity Share Idea Vil  share  idea  vil  raise  promoter  shares  4500  equity  board  cr  cos  group  telecom  vodafone  okays  crore  rs

History of this topic

VIL to invest around Rs 55,000 crore to strengthen 4G, 5G network rollout
1 week, 4 days ago

VIL to invest around Rs 55,000 crore to strengthen 4G, 5G network rollout

New Indian Express  

NEW DELHI: Vodafone Idea Limited on Friday announced that it plans to invest nearly Rs 50,000-Rs 55,000 crore over the next three years to expand its 4G network across 17 priority circles. The telco, in an investor presentation, also revealed plans to deploy its 4G network on the sub-GHz 900 MHz band across 16 circles, aiming to improve coverage and …

Stocks to watch today: Adani stocks, Vodafone Idea, Godrej Consumer, Tata Motors
2 weeks, 1 day ago

Stocks to watch today: Adani stocks, Vodafone Idea, Godrej Consumer, Tata Motors

India Today  

Stock markets ended in red on Monday, dragged down by losses in FMCG and auto stocks. As markets reopen today, several stocks, including Vodafone Idea, Tata Motors, NHPC, Brookfield India REIT, Premier Polyfilm, Torrent Power, and Datamatics Global Services, are likely to be in focus due to recent announcements and developments. ADANI GROUP STOCKS The Adani Group announced plans to …

VIL to raise Rs 1,980 cr through preferential issue
2 weeks, 1 day ago

VIL to raise Rs 1,980 cr through preferential issue

New Indian Express  

NEW DELHI: Vodafone Idea, the country’s third-largest telecom service provider, announced on Monday that its Board of Directors has approved the issuance of up to 176 crore equity shares on a preferential basis to raise Rs 1,980 crore. The telco will issue these shares to Omega Telecom Holdings Private Limited and Usha Martin Telematics Limited, both Vodafone Group companies. “Up …

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise
Trending News
2 weeks, 2 days ago

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise

Hindustan Times  

Vodafone Idea’s board will reportedly meet on Monday, December 9, 2024 to consider raising up to ₹2,000 crore through equity shares or convertible securities on a preferential basis to clear its debts with Indus Towers. Vodafone Idea said it will use the remaining proceeds towards a new issue of equity shares after the board decides the terms of capital Paying …

Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group
2 weeks, 5 days ago

Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group

Live Mint  

Vodafone Idea announced on Thursday, December 5, that its board will consider a proposal to raise ₹2,000 crore via preferential equity issuance belonging to Vodafone Group, one of its promoters. “A meeting of the Board of Directors of the company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider a proposal for raising of funds not …

Vodafone Idea share price gains 4.5%: To consider raising funds on 9 December
2 weeks, 6 days ago

Vodafone Idea share price gains 4.5%: To consider raising funds on 9 December

Live Mint  

Stock Market Today: Vodafone Idea share price saw sharp gains of 4.5% in the morning trades on Thursday. The board meeting is scheduled for 9 December to consider raising funds The Vodafone Idea share price opened at ₹8.79 on the BSE on Thursday, 4.5% higher than the previous close of ₹8.41 on Wednesday. Vodafone Group Plc announces that it has …

Vodafone to sell 3 pc stake in Indus Towers for ₹2,841 cr to clear debt, part payment of Vi dues
2 weeks, 6 days ago

Vodafone to sell 3 pc stake in Indus Towers for ₹2,841 cr to clear debt, part payment of Vi dues

Live Mint  

New Delhi, Dec 4 British telecom company Vodafone will sell 3 per cent stake in Indus Towers to clear its debt of USD 101 or about ₹856 crore and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea. "Vodafone Group Plc announces that it has launched a placing of its remaining 79.2 million shares in …

Vodafone UK to sell remaining 3% stake in Indus Towers via book build offering for repaying debt
2 weeks, 6 days ago

Vodafone UK to sell remaining 3% stake in Indus Towers via book build offering for repaying debt

Live Mint  

Vodafone Group Plc will sell its remaining 3% stake in telecom infrastructure developer Indus Towers. The UK firm said on Wednesday that its remaining 79.2 million shares in Indus Towers will be sold through an accelerated book build offering. Pledge released “As per the terms of the security package provided by Vodafone promoters to secure the payment obligation of Vodafone …

Vodafone Idea's stock plummets 14 per cent after Goldman Sachs' bleak forecast
3 months, 2 weeks ago

Vodafone Idea's stock plummets 14 per cent after Goldman Sachs' bleak forecast

New Indian Express  

NEW DELHI: Vodafone Idea's share price plummeted by as much as 14 per cent on Friday after Goldman Sachs predicted a potential downside of over 80 per cent from the stock's last closing level. The global brokerage firm set a target price of Rs 2.5 per share, triggering a sell-off in the telecom service provider's stock. According to Goldman Sachs, …

V L Infraprojects IPO to open for subscription tomorrow; price band set at ₹39-42 apiece
5 months ago

V L Infraprojects IPO to open for subscription tomorrow; price band set at ₹39-42 apiece

Live Mint  

V L Infraprojects IPO is scheduled to begin subscriptions on Tuesday, July 23, and end on Thursday, July 25. The price band for the V L Infraprojects' initial public offering is ₹39 to ₹42 per share, with a face value of ₹10. V L Infraprojects IPO have allocated equity shares to Qualified Institutional Buyers up to 8,34,000; Non-Institutional Investors up …

Residual funds from Voda’s Indus Towers stake sale may go towards latter’s dues
6 months ago

Residual funds from Voda’s Indus Towers stake sale may go towards latter’s dues

Live Mint  

Indus Towers would stand to receive residual funds, if any, from Vodafone Group Plc's stake sale in the company, owing to the secondary pledge it has on Vodafone's 21% stake in the telecom tower provider. “Indus has a secondary pledge on Vodafone Plc’ 21% stake and if the sale goes through then Vodafone will first clear the dues of the …

VIL issues Rs 2,458 crore equities to Nokia, Ericsson
6 months, 1 week ago

VIL issues Rs 2,458 crore equities to Nokia, Ericsson

New Indian Express  

NEW DELHI: Vodafone Idea, India’s third-largest telecom service provider, approved allotment of 166 crore equity shares worth Rs 2,458 crore to two of its key vendors, Nokia Solutions and Networks India Private Limited, and Ericsson India Private Limited. The move will help the debt-laden telco to roll out a 5G network in and improve its 4G services as both Nokia …

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade
7 months ago

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade

Business Standard  

A 'likely' relief on the government dues front for Vodafone Idea and expectations of telecom tariff hikes could drive the share prices up by 70-80 per cent, global broking firm UBS said in a report. "Assuming AGR dues are completely waived off, our DCF value could increase to Rs 24 per share, versus Rs 12 when there is no waiver. …

Vodafone Idea stock jumps 9%, UBS says ‘buy’ stock as 70-80% upside likely
7 months ago

Vodafone Idea stock jumps 9%, UBS says ‘buy’ stock as 70-80% upside likely

Hindustan Times  

Vodafone Idea share price: Shares of Vodafone Idea rose almost 10 per cent today after UBS upgraded the stock to a 'Buy' rating from ‘Neutral’. The international brokerage also revised target price of the stock to ₹18 from ₹13.10 earlier and said that there is a scope of a 70-80 percent rally as relief in the form of AGR reduction …

Vodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board nod
8 months, 2 weeks ago

Vodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board nod

Hindustan Times  

The board of debt-ridden Vodafone Idea has approved a proposal to raise ₹2075 crore from promoter Aditya Birla Group, the telecom operator informed in a regulatory filing on Saturday. Vodafone Idea board has approved issuance of up to 1,395,427,034 equity shares to Oriana Investments, an entity of the Aditya Birla Group “The Vodafone Idea board has approved issuance of up …

Voda Idea gets board nod to raise Rs 2,075 cr from Aditya Birla group
8 months, 2 weeks ago

Voda Idea gets board nod to raise Rs 2,075 cr from Aditya Birla group

India TV News  

Debt-ridden telecom firm Vodafone Idea on Saturday said its board has approved raising Rs 2,075 crore from promoter Aditya Birla group and increasing its authorised share capital to Rs 1 lakh crore. The Vodafone Idea board has approved "issuance of up to 1,395,427,034 equity shares of face value of Rs 10 each at an issue price of Rs 14.87 per …

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy
9 months, 3 weeks ago

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy

Live Mint  

Barcelona: The government will look at the right opportunity to pare its stake in Vodafone Idea, Neeraj Mittal, secretary in the department of telecommunications, said as he welcomed the approval given by the cash-strapped carrier's board to a fund-raise proposal. Mittal said the department of telecom was likely to bring out the first set of rules and regulations under the …

Stock in focus: Multibagger entertainment stock declares ₹214 crore fundraise
10 months, 2 weeks ago

Stock in focus: Multibagger entertainment stock declares ₹214 crore fundraise

Live Mint  

Stock in focus: Balaji Telefilms shares will be in focus on Monday as the entertainment company has declared fundraise via issuance of warrants. The company board took this decision while considering the unaudited financial results for the October to December 2023 quarter Balaji Telefilms news The entertainment company informed Indian stock market exchanges about the fundraise move saying, "Pursuant to …

Stocks to Watch: RIL, Adani Ports, HDFC Bank, Lupin, Vedanta, Tata Motors
1 year, 7 months ago

Stocks to Watch: RIL, Adani Ports, HDFC Bank, Lupin, Vedanta, Tata Motors

Live Mint  

Here are the top 10 stocks that could be in focus in today's trade: Reliance Industries: The Delhi high court on Tuesday dismissed a petition filed by the Union government against a consortium led by Reliance Industries Ltd regarding a gas dispute in the Krishna Godavari basin. Adani Ports: Adani Group chairman Gautam Adani's on Tuesday said it will prepay …

Vodafone Idea In Talks With Lenders For Refinancing Rs 40,000 Crore Loans: Report
1 year, 10 months ago

Vodafone Idea In Talks With Lenders For Refinancing Rs 40,000 Crore Loans: Report

News 18  

Vodafone Idea has started discussions with major banks, including State Bank of India, Punjab National Bank and HDFC Bank, to refinance Rs 30,000-40,000 crore loans, according to an ET report quoting bankers familiar with the matter. It added that refinancing of some debt will help free up cash for Vodafone Idea, which needs to pay substantial vendor dues – to …

Stocks to Watch: Airtel, Adani Ports, Hero MotoCorp, ONGC, Vodafone Idea
1 year, 10 months ago

Stocks to Watch: Airtel, Adani Ports, Hero MotoCorp, ONGC, Vodafone Idea

Live Mint  

Here are the top 10 stocks that could be in focus in today's trade: Bharti Airtel: Bharti Airtel’s consolidated net profit missed estimates even as it rose 91% to ₹1,588.2 crore for the quarter ended December 2022 from ₹829.6 crore the same quarter last year, but down by 26% from September quarter’s profits of ₹2,145 crore, on the account of …

Govt to become largest shareholder in Vi post conversion of AGR dues to equities
1 year, 10 months ago

Govt to become largest shareholder in Vi post conversion of AGR dues to equities

Live Mint  

The government has passed an order to convert adjusted gross revenue dues of telecom services provider, Vodafone Idea into equities for nearly ₹16,133.2 crore. Joshi added, "Classifying the proposed stake by the government as public shareholding, the regulator in its then order, had stated that the acquisition by the government is proposed with the sole intent of saving the larger …

After Birlas commit to invest, Centre agrees to take equity in Vodafone Idea
1 year, 10 months ago

After Birlas commit to invest, Centre agrees to take equity in Vodafone Idea

Live Mint  

The Union government on Friday directed Vodafone Idea Ltd to issue equity shares against interest on deferred adjusted gross revenue and spectrum dues totalling ₹16,133 crore that India’s No.3 telco owes it. 3 February, 2023 under section 62 of the Companies Act, 2013, directing the company to convert the NPV of the interest related to deferment of spectrum auction instalments …

Govt clears converting Rs 16,133 crore interest dues of Vodafone Idea into equity
1 year, 10 months ago

Govt clears converting Rs 16,133 crore interest dues of Vodafone Idea into equity

Deccan Chronicle  

NEW DELHI: The government cleared conversion of Rs 16,133 crore interest dues of debt-ridden Vodafone Idea into equity after receiving a firm commitment from Aditya Birla Group to run the company and bring necessary investment, telecom minister Ashwini Vaishnaw said on Friday. Throwing a lifeline to the troubled telco, the government has approved conversion of over Rs 16,133 crore interest …

Centre Clears Converting Vodafone Idea's Rs 16,133-Cr Dues into Equity
1 year, 10 months ago

Centre Clears Converting Vodafone Idea's Rs 16,133-Cr Dues into Equity

News 18  

The government has approved the conversion of over Rs 16,133 crore interest dues of debt-ridden Vodafone Idea into equity, the company said in a regulatory filing on Friday. “Ministry of Communications…passed an order today ie 3 February, 2023…directing the Company to convert the NPV of the interest related to deferment of spectrum auction instalments and AGR Dues into equity shares …

Vodafone Idea | Centre approves conversion of ₹16,133 crore interest dues into equity
1 year, 10 months ago

Vodafone Idea | Centre approves conversion of ₹16,133 crore interest dues into equity

The Hindu  

The government has approved conversion of over ₹16,133 crore interest dues of debt-ridden Vodafone Idea into equity, the company said in a regulatory filing on Friday. passed an order today ie 3 February, 2023. directing the Company to convert the NPV of the interest related to deferment of spectrum auction instalments and AGR Dues into equity shares to be issued …

Vodafone Idea Approaches Banks For Rs 7,000-Crore Loans, Says Report; Shares Down 1.14%
1 year, 11 months ago

Vodafone Idea Approaches Banks For Rs 7,000-Crore Loans, Says Report; Shares Down 1.14%

News 18  

Vodafone Idea has approached lenders including SBI, PNB, HDFC Bank and IDFC First for loans aggregating upward of Rs 7,000 crore, according to an Economic Times report quoting three people aware of the matter. Shares of Vodafone Idea on Friday were trading lower by Rs 0.10 or 1.14 per cent at Rs 7.78 apiece on the BSE during the day. …

Vodafone Idea, ATC Agree to Extend Rs 1,600-Crore Debentures Date Till February 28
2 years ago

Vodafone Idea, ATC Agree to Extend Rs 1,600-Crore Debentures Date Till February 28

News 18  

Debt-ridden Vodafone Idea and its vendor ATC Telecom Infrastructure have agreed to extend the last date for a subscription of Rs 1,600 crore optionally convertible debentures till February 28, the telecom operator said in a regulatory filing. The conditions for approval include the nod of VIL shareholders and conversion of interest liability on the company arising from the deferment of …

Govt set to become largest shareholder in Vodafone Idea: Report
2 years, 6 months ago

Govt set to become largest shareholder in Vodafone Idea: Report

Live Mint  

The Central government is reportedly going to become the biggest shareholder of debt-ridden Vodafone Idea Limited, according to CNBT-TV18. Yesterday, Vodafone Idea said that the company has sought shareholders' nod to raise ₹436 crore from its promoter group Vodafone in an extraordinary general meeting. Earlier, Livemint reported that the government would hire a transaction adviser to help manage the conversion …

VIL board to mull raising up to ₹500-cr. from Vodafone Group
2 years, 6 months ago

VIL board to mull raising up to ₹500-cr. from Vodafone Group

The Hindu  

Debt-ridden Vodafone Idea's board is scheduled to meet on June 22 to consider a proposal for raising funds to the tune of ₹500 crore from Vodafone Group. A meeting of the Board of Directors of the company is scheduled to be held on Wednesday, 22nd June 2022. to consider proposal for raising of funds aggregating up to ₹500 crore, by …

Vikas Lifecare raised Rs 50 crore via QIP from Forbes EMF, Nomura & AG Dynamic
2 years, 6 months ago

Vikas Lifecare raised Rs 50 crore via QIP from Forbes EMF, Nomura & AG Dynamic

India TV News  

The company board of Vikas Lifecare Limited has approved the issuance and allotment of 12.50 crore equity shares to eligible, qualified institutional buyers. However, the issue price of Rs 4 per equity share is at a discount of Rs 0.10 or 4.52 per cent to the floor price of Rs 4.20, determined according to the SEBI's regulatory formulation. Pursuant to …

Vodafone Idea share price rises as Amazon pledges whopping investment - Details
2 years, 6 months ago

Vodafone Idea share price rises as Amazon pledges whopping investment - Details

India TV News  

Vodafone Idea reportedly witnessed a hike in the share prices after Amazon, the e-commerce giant set to invest in the company by up to Rs 20,000 crore, with the struggling telecom operator with a huge network in the country. However, the telecom company has witnessed a persistent loss of subscribers which did affect the company even as the telecom sector …

Vodafone Raises Stake in Vodafone Idea to 47.61%
2 years, 8 months ago

Vodafone Raises Stake in Vodafone Idea to 47.61%

News 18  

British telecom major Vodafone has raised its stake in debt-ridden Vodafone Idea Limited to 47.61 per cent through its subsidiary Prime Metals, a regulatory filing said on Monday. “Prime Metals held 2,18,55,26,081 equity shares, representing 7.61 per cent of the equity share capital, of Vodafone Idea Limited. On Thursday, Vodafone Idea had said that its board has approved the allotment …

How Voda Idea & TTML can stage a turnaround post debt conversion
2 years, 11 months ago

How Voda Idea & TTML can stage a turnaround post debt conversion

Business Standard  

Debt strapped Vodafone Idea and Tata-Group owned Tata Teleservices have decided to convert interest on deferred spectrum and adjusted gross revenue dues into equity, buying time to survive.After the issuance of additional equity, the government will own nearly 36% stake in Vodafone Idea and roughly 9.5% in TTML.While Vodafone Idea’s management has clarified that the decision-making power will continue to …

Vodafone Idea CEO says Centre doesn't want to take over company's operations
2 years, 11 months ago

Vodafone Idea CEO says Centre doesn't want to take over company's operations

Firstpost  

VIL Managing Director and CEO Ravinder Takkar told reporters in a virtual briefing that there is no condition in the Telecom Department’s letter on equity conversion option, which allows for board seats for the government. New Delhi: A day after Vodafone Idea Ltd opted to convert interest on dues to government equity, its CEO on Wednesday said the government had …

Vodafone Idea shares tumble nearly 19% after board offers 35.8% stake to Centre
2 years, 11 months ago

Vodafone Idea shares tumble nearly 19% after board offers 35.8% stake to Centre

Firstpost  

If the plan goes through, then the government will become the biggest shareholder in the company which is reeling under a debt burden of about Rs 1.95 lakh crore. New Delhi: Shares of Vodafone Idea on Tuesday tumbled nearly 19 percent after the debt-ridden firm announced converting about Rs 16,000 crore interest dues liability payable to the government into equity. …

Reliance Retail to acquire controlling stake in Just Dial for ₹3,497 crore
3 years, 5 months ago

Reliance Retail to acquire controlling stake in Just Dial for ₹3,497 crore

The Hindu  

Reliance Retail Ventures Ltd, a subsidiary of Reliance Industries Ltd, has executed definitive agreements with Just Dial Ltd and its founder & managing director VSS Mani & others to acquire controlling stake in Just Dial for a total consideration of ₹3,497 crore. As per the deal, Just Dial will make a preferential allotment of 2.12 crore equity shares to RRVL …

Reliance Infrastructure Board Approves Raising Up to Rs 550.56 Crore Via Preferential Allotment
3 years, 6 months ago

Reliance Infrastructure Board Approves Raising Up to Rs 550.56 Crore Via Preferential Allotment

News 18  

Reliance Infrastructure on Sunday said its board has approved raising up to Rs 550.56 crore through issuance of shares on a preferential basis. "The board of directors of Reliance Infrastructure Ltd at its meeting held today approved raising of funds up to Rs 550.56 crore," the statement said. It will be done by preferential allotment of up to 8.88 crore …

Govt to Exit Its Holding in VSNL This Fiscal, Sell 26.12 Percent Stake
3 years, 11 months ago

Govt to Exit Its Holding in VSNL This Fiscal, Sell 26.12 Percent Stake

News 18  

The government will sell its entire 26.12 per cent stake in Tata Communications Ltd, erstwhile VSNL, through offer for sale and strategic sale route in the current fiscal. Public sector VSNL was privatised in the year 2002 by disinvesting 25 per cent shareholding along with transfer of management control to Panatone Finvest Ltd, the strategic partner. Subsequent to the strategic …

VIL at AGM meeting says Rs 25000 crore sufficient to run company effectively
4 years, 2 months ago

VIL at AGM meeting says Rs 25000 crore sufficient to run company effectively

India Today  

Vodafone Idea Limited held its annual general meeting on September 30. The company hosted the meeting to take shareholders’ permission to raise the borrowing limit from Rs 25,000 crore to Rs 1 lakh crore. About funds, the company said that it has raised up to Rs 25,000 crore, which is sufficient to run the company effectively. As per CNBC, the …

Vodafone Idea posts highest-ever loss by an Indian firm at Rs 73,878 cr in FY20
4 years, 5 months ago

Vodafone Idea posts highest-ever loss by an Indian firm at Rs 73,878 cr in FY20

India Today  

Vodafone Idea, the country's third largest telecom operator, on Wednesday reported a staggering Rs 73,878 crore of net loss in fiscal ended March 2020 - the highest ever by any Indian firm - after it provisioned for Supreme Court mandated statutory dues. The firm, which has to pay Rs 51,400 crore dues after the apex court ordered the non-telecom revenues …

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