Tata Group has now made its debut into the Indian Premier League, as a sponsor starting this year. So, is the over 100-year-old company’s googly meant to startle the young crowd?To keep the IPL match’s floodlights running, tons of coal is burnt in power plants somewhere. Equity dilution and discounted price of debt conversion has worried investors of Vodafone Idea …
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 …
