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FPO to put Vodafone Idea on growth path: SBI chairman, Telecom News, ET Telecom

Vodafone Idea: Earlier, Vi’s board had approved a preferential share issue to raise Rs 2,075 crore from an Aditya Birla Group (ABG) entity, which had set the stage for a wider funding programme critical for the company’s revival.

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FPO to put Voda Idea on growth path: SBI chairman

SBI chairman Khara credited Vi's FPO success to Birla's leadership, highlighting the telco's funding programs and competition goals. The retail investor trust in the Aditya Birla Group reflects confidence in Vi's future growth in the telecom sector.

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Vodafone Idea a national asset: Birla, Telecom News, ET Telecom

Vodafone Idea: Vi’s FPO is expected to be followed by a Rs 25,000 crore debt issue, helping achieve the telco’s targeted Rs 45,000 crore fundraising drive aimed at regaining financial health and bolstering competition with bigger and profitable rivals Reliance Jio and Bharti Airtel.

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Fundraise of Rs 18,000 cr fresh lease of life for Vodafone Idea: Kumar Mangalam Birla

Fundraise of Rs 18,000 cr fresh lease of life for Vodafone Idea: Kumar Mangalam Birla
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Fundraise of Rs 18 000 cr fresh lease of life for Vodafone Idea Kumar Mangalam Birla

(This story has not been edited by THE WEEK and is auto-generated from a PTI

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'Fresh Lease Of Life For Vodafone Idea': Kumar Mangalam Birla Says After VI's Rs 18,000 Cr FPO

On Thursday, the opening price of Vodafone Idea FPO shares stood at Rs 11.80 per share on the NSE, marking a 7.27% increase from the issue price of Rs 11.

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Orient Cement rallies 11% on news of Aditya Birla Group nearing promoter stake deal

In October 2023, ET reported that the firm had approached Adani group to sell its promoter stake. Last year, JP Morgan was roped in by Birla to find a buyer for his business.

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Kotak Mahindra Bank, Voda Idea, SBI, Bharat Forge & BEL: What Rajesh Palviya of Axis Securities says on these 5 stocks

When asked about Kotak Mahindra Bank shares, the market expert said immediate support will be at Rs 1,650. "A decline below the said support level can drag the stock towards Rs 1,600. Resistance will be at Rs 1,730-1,740 levels," Palviya told Business Today TV.

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Kumar Mangalam Birla thanks PM Modi for support; says FPO marks the beginning of Vodafone-Idea 2.0

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

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"Successful FPO marks the beginning of Vodafone Idea 2.0" says Kumar Mangalam Birla

"Successful FPO marks the beginning of Vodafone Idea 2.0" says Kumar Mangalam Birla
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