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In an exchange filing on Monday, Vodafone Idea stated: "We wish to inform you that the Board, at its meeting held today i.e. 22 April 2024, has approved and adopted the prospectus dated 22 April 2024 (the “Prospectus”), in connection with the Offer." ....
During the Q2 earnings call, Vis chief executive Akshaya Moondra told analysts that the telco expected to conclude its discussions relating to (funding from potential) equity investors in this quarter (Q3FY24). He had added that Vis talks with banks had already happened and that the current focus is on tying up the equity investment, basis which the banks would process the telcos requests for bank funding. ....
The price action in the stock was accompanied by significant volume action as more than 24.93 crore shares changed hands on the NSE around 11 a.m. The stock fell after hitting its 52-week high of Rs 12.50. ....
ET reported in its August 25 edition that Vi CEO Akshaya Moondra had informed the Department of Telecommunications (DoT) that the telco has term sheets from several potential investors. ....