0
Wireless

Vodafone Idea board approves rights issue plan

Thursday 24 January 2019 | 09:33 CET | News
Indian operator Vodafone Idea said its board has approved plans for a rights issue of up to INR 250 billion. Its main shareholders, Vodafone Group and Aditya Birla Group, have agreed to contribute up to INR 110 billion and INR 72.5 billion respectively. If the rest of the issue is under-subscribed, the main shareholders may buy additional shares.  

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Vodafone Group / Vodafone Idea
Countries: India
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Vodafone Idea to use rights issue proceeds to pay Supreme Court ruling

Published 14 Jan 2020 10:34 CET | India
Vodafone Idea announced it will use part of its rights issue held last year to pay off the licence fees and spectrum charges ...

Vodafone Idea starts rights issue

Published 10 Apr 2019 16:52 CET | India
Vodafone Idea has started its rights issue, to raise up to INR 250 billion with the sale of 20 billion shares. Its two main ...

Vodafone Idea launches rights issue of INR 250 billion

Published 21 Mar 2019 07:34 CET | India
The board of directors of Indian operator Vodafone Idea has approved a rights issue to the eligible shareholders of the company ...

Vodafone to raise EUR 4 billion in convertible debt issue

Published 05 Mar 2019 10:54 CET | World
Vodafone announced plans to raise EUR 4 billion with the issue of mandatory convertible bonds. The proceeds will be used to ...

Last week in telecoms: Vodafone in focus, German shares at big losses year-to-date

Published 28 Jan 2019 07:00 CET | Europe
The TP Stock Index European Telecom was down 1.2 percent in week 4. Vodafone (-8.3%) and Deutsche Telekom (-5.3%), the index's ...

Vodafone Idea brings forward merger synergies target by 2 years

Published 23 Nov 2018 10:14 CET | India
Vodafone Idea has brought forward by two years its target of INR 140 billion in synergies from its merger, to fiscal year 2021 ...

Vodafone Idea quarterly revenue drops 7%, EBITDA plunges nearly 29%

Published 16 Nov 2018 09:26 CET | India
Vodafone Idea saw its total revenue for the second quarter ended 30 September reach INR 120.2 billion, down 7.1 percent compared ...

Vodafone Idea seeks to raise INR 250 billion in fresh capital

Published 15 Nov 2018 15:52 CET | India
Indian operator Vodafone Idea has decided to establish a Committee of Directors to evaluate potential routes for raising up to ...