Vodafone Idea Plans To Raise Funds Worth Rs 500 Cr
Vodafone Idea Board of Directors to discuss a proposal to raise funds of up to Rs 500 crore on June 22. The proposal entails granting preferred stock or convertible warrants to one or more Vodafone Group entities. Trading window for dealing in shares of the company will remain closed for 48 hours after Board meeting ends until June 24 for all authorized personnel. Trading window to reopen on June 25.
Tags: Vodafone, Idea, Fund Raising, board of directors, Shares
Courtesy: ANI
Vodafone Idea Share Prices Sees 7% Hike
Vodafone Idea (VI) share prices rose 7% during the intraday trading. According to reports, the promoters of the company are ready to infuse Rs 10,000 crore in the company. The company is making an attempt to release burden of debt from the government through the issue of equity. Ravinder Takker, VI CEO said that, "any payments to cutoff interest amount will be made in accordance with SEBI guidelines."
Tags: VODAFONE IDEA, Vodafone, Idea, share price
Courtesy: Money Control
Govt. Wants VIL To Compete In Indian Telecom Market: Vodafone CEO
Vodafone Idea Ltd (VIL) Managing Director and CEO Ravinder Takkar told PTI that the government has presented an alternative to paying back dues via equity shares. He also said it would not want to acquire the firm, considering it wants VIL to be one among three private players to compete in the Indian telecom market. VIL has total gross debt of Rs. 1.91 lakh crore.
Tags: Government of India, Vodafone, VODAFONE IDEA, Idea, AGR
Courtesy: Business Standard
STOCK NEWS: NSE Bans 8 Companies Including IRCTC, Exide, Vodafone
Indian Railway Catering and Tourism Corporation (IRCTC), Vodafone Idea (Vi), Canara Bank, Exide Industries, LIC Housing Finance, and three more are put under the F&O ban by the NSE on Sept 15. These stocks have crossed 95% of the Market-Wide position limit (MWPL). MWPL is the maximum number of contracts to be open at any given time. Thus, no fresh positions are permitted for these companies, until the reversal of the ban by NSE.
Tags: Stock market, NSE, IRCTC, Vodafone, Idea, Canara Bank, Sun TV
Courtesy: Mint