Articles for Vodafone Group

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

Share Equity Share Vil Vodafone Group
Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group
2 weeks, 4 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 …

Crore Group Cent Stake Dec Idea Vodafone
Vodafone Idea share price gains 4.5%: To consider raising funds on 9 December
2 weeks, 4 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 …

Company Share Vodafone Vodafone Idea Indus Towers Idea Share Price 9 December
Vodafone UK to sell remaining 3% stake in Indus Towers via book build offering for repaying debt
2 weeks, 5 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 …

Shares Vodafone Towers Indus Vodafone Idea Indus Towers Msa
Indus Towers eyes improved cash flows amid better collections from Vodafone Idea
4 months, 3 weeks ago

Indus Towers eyes improved cash flows amid better collections from Vodafone Idea

Live Mint  

Indus Towers, India's leading telecom tower provider, is anticipating a boost in free cash flows due to an expected rise in co-locations from Vodafone Idea and improved collection of past dues from the carrier. Indus Towers has opted for a share buyback worth ₹2,640 crore to distribute returns to shareholders in a tax-efficient manner, particularly ahead of the upcoming tax …

Tax Share Dues Cash Vodafone Vodafone Idea Indus Towers
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 …

India Sale Crore Tower Stake Idea Vodafone
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 …

India Equity Crore Tower Idea Vodafone Idea Vodafone Group
Vodafone Group CEO Nick Read to step down
2 years ago

Vodafone Group CEO Nick Read to step down

Live Mint  

Britain's Vodafone Group said on Monday that Chief Executive Nick Read would step down at the end of this year and be replaced on an interim basis by finance chief Margherita Della Valle. Margherita Della Valle, who has been appointed interim Group Chief Executive, will accelerate the execution of the company's strategy to improve operational performance and deliver shareholder value, …

Board Read Executive Vodafone Nick Read Group Chief Executive Vodafone Group
Centre wants Voda Idea promoters to pump in more equity
2 years, 1 month ago

Centre wants Voda Idea promoters to pump in more equity

Live Mint  

NEW DELHI : Promoters of Vodafone Idea Ltd must infuse more funds into India’s third-largest telecom operator before the government converts the interest on spectrum dues of ₹16,000 crore into equity, two officials aware of the development said. Vodafone Idea has been trying to raise ₹20,000 crore in debt and equity from external investors since 2020, and the latest government …

India Equity Conversion Crore Dues Idea Vodafone Idea
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 …

Telecom Crore Vodafone Vodafone Idea Vil Vodafone Group