Govt holds 35.8% stake in Vodafone Idea after convert dues liability into equity

Share price down: Govt holds 35.8% stake in Vodafone Idea after convert dues liability into equity

Vodafone Idea stock price was down almost 9% to Rs 14.10 in early trade today. The company’s board has approved the conversion of the entire amount of interest to be paid into equity on its spectrum auction installment and AGR dues. This conversion will dilute the stake of the promoter and existing shareholders of the … Read more

Vodafone Idea fall 6% after board approves fund-raising of Rs 4500 cr, Nomura reduce rating

Trading (Vodafone Idea)

Yesterday the board of Vodafone Idea approved a fund raise of Rs 4500 crore by issuing shares to its promoter group on a preferential basis in a meeting. This issue will be done at a price of Rs 13.30 per share. Apart from this, the board of Vodafone Idea also approved the decision to conduct … Read more