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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.
Vodafone Idea: The FPO is expected to be followed by a ₹25,000 crore debt issue, helping achieve Vi's targeted ₹45,000 crore fundraising drive aimed at regaining financial health and bolstering competition with bigger and profitable rivals Reliance Jio and Bharti Airtel.
The FPO is expected to be followed by a ₹25,000 crore debt issue, helping achieve Vi's targeted ₹45,000 crore fundraising drive aimed at regaining financial health and bolstering competition with bigger and profitable rivals Reliance Jio and Bharti Airtel.
Vedanta, a unique company with diverse commodities, is well-positioned in the commodity cycle. Sudip Bandyopadhyay sees deep value in Vedanta and expects 30-40% appreciation in one year. The demerger, upcoming Tuticorin plant, and entry into power distribution contribute to its promising future.
Shaji Varghese, CEO of the company said the proceeds from the NCD issue will be utilised for onward lending, business operations and further expansion and growth plan.