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Vodafone Idea shares: Nuvama doubles target price post FPO, sees Vi as going concern

Vodafone Idea share price today: The stock was trading 4.38 per cent lower at Rs 13.76. The capital raising committee of telecom operator on Monday approved the allotment of 16,36,36,36,363 shares of face value Rs 10 each at Rs 11 per share.

Vodafone Stocks On Radar After Board Gives Nod To Rs 20,000 Cr Fundraise

The equity and debt fund raising will enable the Company to make investments towards significant expansion of 4G coverage, 5G network rollout, and capacity expansion, the company stated.

Meet Torrent Pharmas Mehta brothers who are looking to raise Rs 60,000 crore to buy Cipla

Torrent Pharma is reportedly in talks to form a consortium and raise $1.2-1.5 billion from CVC Capital Partners as it is looking to put together a $7 billion or Rs 60,000 crore financing package to acquire rival Cipla. CVC could turn out to be Torrent’s lead partner. The development has not yet been confirmed by the group.

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