Vodafone Idea’s board approves fundraising. Stk up by admin- Monday, September 7th, 2020 04:27:38 PM
Vodafone Idea’s board approves fundraising. Stk up
Shares of Vodafone Idea surged almost 10% touching to Rs. 13.21, after the telecom operator’s board on September 04 approved plans to raise budget upto Rs. 25,000 crore thru aggregate of fairness and debt trouble.
The organization is seeking to enhance price range, in a single or greater tranches, via issuance of Global Depository Receipts (GDRs), American Depository Receipts (ADRs), overseas foreign money convertible bonds (FCCBs), convertible debentures and warrants.
The corporation stated that its board accredited elevating upto Rs. 15,000 crore through difficulty of equity stocks or securities convertible into equity shares.