Page 4 - Idea Cellular News Today

Through the FPO, Vodafone Idea has put concerns of its survival and competitiveness away but its not viable yet, as per a Ambit Capital report. A significant rise in mobile tariffs will be necessary following the fundraising to help Vodafone Idea in navigating the present crisis seamlessly.

Aditya Birla Group (ABG) chairman Kumar Mangalam Birla on Thursday said Vodafone Idea (Vi) is a national asset and its successful ₹18,000 crore follow-on public offer (FPO) sets the stage for the cash-strapped telcos financial turnaround and start of Vi 2.0.

ATC Telecom Infrastructure sold a 2.8% stake to Vodafone Idea, worth ₹1,840 crore, in an open market transaction. Citigroup Global bought shares worth ₹611 crore, with other buyers remaining unknown. Last month, ATC converted debentures allotted by Vodafone Idea into equity, and in January 2024, Canadas Brookfield acquired ATCs India unit in a $2.5 billion deal. Vi recently raised ₹18,000 crore through a follow-on public offer, priced at ₹10-11 per share.

TECH NEWS : Kumar Mangalam Birla praises the FPO's success, acknowledges the key role of government leaders, highlights the importance of telecom networks, and ap

India Business News: Aditya Birla Group chairman Kumar Mangalam Birla said the Rs 18,000-crore fund-raise has given Vodafone Idea a "fresh lease of life", and set the stag

Bharti Airtel: Bharti Enterprises chairman Sunil Mittal emphasizes the importance of three private telecom operators in India as Vodafone Idea secures funding to avoid a duopoly. Vis funding plans include equity, debt, and a follow-on public offer to strengthen its market position against competitors.

Bharti Enterprises chairman Sunil Mittal emphasizes the importance of three private telecom operators in India as Vodafone Idea secures funding to avoid a duopoly. Vis funding plans include equity, debt, and a follow-on public offer to strengthen its market position against competitors.

MUMBAI (Reuters) -Investment firm GQG Partners and State Bank of India Mutual Fund are considering investing up to $800 million in total in a $2.16 billion share offering of Indian telecom firm Vodafone Idea, according to two people familiar with the matter. U.S.-based GQG, run by India-born executive Rajiv Jain, plans to invest about $500 million, while SBI Mutual Fund is considering an investment of $200 million to $300 million in the follow-on public offering, said both people, who declined...

Investment firm GQG Partners and State Bank of India Mutual Fund are considering investing up to $800 million in total in a $2.16 billion share offering of Indian telecom firm Vodafone Idea, according...

GQG and SBI Mutual Fund are considering investments under the institutional quota of what will be Indias biggest secondary offering