According to the bulk deal data available on the National Stock Exchange (NSE), ATC Telecom Infrastructure Pvt Ltd sold a total of 144 crore shares, representing a 2.87 per cent stake in Vodafone Idea (VIL).
According to the bulk deal data available on the National Stock Exchange (NSE), ATC Telecom Infrastructure Pvt Ltd sold a total of 144 crore shares, representing a 2.87 per cent stake in Vodafone Idea (VIL). The shares were disposed of at an average price of Rs 12.78 apiece, taking the deal size to Rs 1,840.32 crore.
ATC Telecom Infrastructure sold a 2.8% stake to Vodafone Idea, worth ₹1,840 crore, in an open market transaction. Citigroup Global bought shares worth ₹611 crore, with other buyers remaining unknown. Last month, ATC converted debentures allotted by Vodafone Idea into equity, and in January 2024, Canada s Brookfield acquired ATC s India unit in a $2.5 billion deal. Vi recently raised ₹18,000 crore through a follow-on public offer, priced at ₹10-11 per share.
The debt-ridden telco’s shareholders resolution to issue OCD had previously lapsed as OCDs could not be issued within the prescribed period of 15 days, , Vodafone Idea (VIL), atc telecom infrastructure, debentures
The company is scheduled to meet on 31 January 2023 to seek approval of the shareholders for preferential issue of optionally convertible debentures to ATC Telecom Infrastructure Pvt Ltd.