The fundraising could be in one or more tranches through equity instruments, including rights issue, preferential issue of shares, qualified institutional placement of shares, or a combination thereof as may be considered appropriate.
Vodafone Idea share price: The stock was last seen trading 1.07 per cent higher at Rs 16.08 on Monday. At this price, it has slipped 12.70 per cent from its one-year high value of Rs 18.42, a level seen on January 1 this year.
Vodafone Idea (Vi) has backed Jios suggestion and called on the government to tap unused cash in the Universal Services Obligation Fund (USOF) corpus to finance a handset subsidy scheme that could encourage millions of 2G users — who cant immediately afford a smartphone — to also upgrade to 4G/5G services quickly.
Covering all major points across the city, Vodafone Idea has added new sites and upgraded and reframed L2100 spectrum capacity across the nooks and corners of the city including Ayodhya Railway Station, Ram Mandir Campus, the airport, railway station and the connecting highways to Lucknow and Varanasi.