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Vodafone Idea is considering fundraising options to raise equity capital, crucial for its survival in the telecom industry. The company remains engaged with parties for network expansion and 5G rollout. The stock has seen gains, but concerns about debt and network upgrades persist.
As the curtains draw on the trading year, the market experienced mild profit booking on the final trading day. However, the prevailing optimism is anticipated to spill over into the new year, buoyed by the excitement surrounding rate cuts and the decline in bond yields.
On Thursday, 1815 stocks advanced, 1973 declined and 132 remained unchanged, with an advance decline ratio of 0.91 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets.
Man Infraconstruction plans to raise approximately ₹550 crores through the issuance of convertible equity warrants via Preferential Issue, subject to necessary approvals
"The proceeds of the preferential issue will be utilised for prepayment of borrowings of the company, meeting future funding requirements, working capital and other general corporate purposes of the company," the filing said.