Vodafone Idea Ltd., the telecom service provider, has used fund infusion from its global parent Vodafone Plc, to repay outstanding Master Service Agreement Dues (MSA) to Indus Towers, the global parent said in a filing to the London Stock Exchange on Friday, January 10. Company Value Change %Change “Following this, Vodafone’s obligations to Indus Towers […]
Vodafone Idea board to meet on December 9 to consider raising up to ₹2,000 crore – CNBC TV18
Telecom services provider Vodafone Idea Ltd. informed the exchanges on Wednesday, December 4, that a board meet of the company is scheduled to be held on Monday, December 9, to consider a fund raising proposal. Company Value Change %Change The company intends to raise funds not exceeding ₹2,000 crore through the issuance of equity shares […]
Foreign investors and promoters raise over $30 billion through block deals in 2024 – CNBC TV18
Domestic and foreign equity holders have together sold shares worth over $30 billion through block deals in 2024, suggesting investor appetite for Indian equities remains intact despite foreign outflows and slowing earnings growth. Company Value Change %Change While British American Tobacco (BAT) offloaded part of its stake in ITC for about $2 billion in March […]
Indus Towers releases pledge on over 3% shares held by Vodafone promoters – CNBC TV18
On Wednesday, December 4, 2024, Indus Towers Ltd announced the release of a pledge on 3.003% of shares held by Vodafone Plc in the company. This development follows Vodafone Plc’s announcement of its effective exit from its shareholding in Indus Towers, with plans to use the proceeds from the private placement of these 79.2 million […]
Vodafone Plc to sell 3% stake in Indus Towers – CNBC TV18
British telecom player Vodafone is set to sell its entire 3% stake, or 7.9 crore shares, in Indus Towers, the company said on Wednesday, December 4, 2024. The proceeds from the Placing will be used firstly to repay Vodafone’s outstanding borrowings of about $101 million to Vodafone’s existing lenders, secured against Vodafone’s Indian assets. Company […]