Vodafone Idea raises Rs 5,400 crore from anchor investors
US-based GQG Partners has been allocated the highest number of shares, worth Rs 1,345 crore, while Fidelity Investments has invested about Rs 772 crore in Vodafone Idea's FPO.
Telecom major Vodafone Idea on Saturday said it has paid an additional sum of Rs 1,000 crore to the Department of Telecom towards the Adjusted Gross Revenue dues, taking its total payment to an aggregate Rs 7,854 crore.
The company had earlier deposited Rs. 6,854 crores in three tranches, the telco said in a BSE filing.
On June 18 the Supreme Court had passed an order saying, “we have requested the telecom operators to file audited Balance Sheets, for the last 10 years including for the Calender year ending 31.3.2020 as well as the Income Tax Returns and the particulars of AGR deposited during the last 10 years and we have also requested to make payments of reasonable amount also to show their bonafides, before the next date of hearing.”
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In line with the same order, Vodafone Idea on Friday i.e. July 17, “paid a further sum of Rs 1,000 crore to the DoT (Department of Telecom) towards the AGR dues.”
Vodafone Idea was facing a staggering Rs 58,000 crore demand in overall statutory dues, after the apex court, last year ordered the non-telecom revenues to be included in calculating statutory liabilities.
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