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.
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.
Vodafone Idea owes an estimated Rs 6,800 crore to mobile tower giant Indus Towers and also Rs 2,400 crore to ATC.
At the recently held 5G spectrum auction for 5G services by the Department of Telecom, Airtel acquired 19867.8 MHZ range in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz, and 26 GHz frequencies.
In a statement, the company said that it continues to invest in 4G to increase its coverage and capacity.
Abhijit Kishore, chief enterprise business officer, Vi Business, said on Thursday that the company will also look at offering cloud services.
Vodafone Idea Board is set to meet on Friday to consider fundraising through various means.
On Tuesday, the scrip fell over 17 per cent after the Supreme Court delivered its verdict on the staggering payment of Adjusted Gross Revenue (AGR) due issue.
As per government’s assessment, Vodafone Idea owed a total of Rs 58,254 crore to the Department of Telecommunications.
On the other hand, ONGC, Axis Bank, Tech Mahindra, Infosys and ICICI Bank were among the laggards.
The merger scheme shall become effective on the date on which certified copy of the order of NCLT is filed with Registrar of Companies.