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Indus Towers expects cash flows to improve in FY25 as its confident of quickly recovering its backlog of past dues from key customer, Vodafone Idea (Vi), especially as the latter has recently raised Rs 18,000 crore via the follow-on public offer (FPO) route. ....
Vodafone Idea: Earlier, Vi’s board had approved a preferential share issue to raise Rs 2,075 crore from an Aditya Birla Group (ABG) entity, which had set the stage for a wider funding programme critical for the company’s revival. ....
Domestic investors, including Motilal Oswal Mutual Fund, HDFC Mutual Fund, SBI General Insurance and Quant Mutual Fund, were allocated shares in the anchor round. ....
Vodafone Idea FPO allotment done. Investors can check status on BSE or Link Intime India. VI plans 5G rollout soon, but analysts cautious on market share gains. Govt stake concerns may limit upside. ....
Debt-laden telecom operator Vodafone Idea Ltd has raised Rs 18,000 crore pulling off India s largest-ever follow-on public offering (FPO) as the issue got subscribed nearly seven times after institutional investors poured in money, stock exchange data showed on Monday evening. ....