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VI DEBT RESTRUCTURING
Emkay projects 44% downside for Vodafone Idea shares despite Rs 87,695 crore AGR relief. Here’s whyVodafone Idea receives a five-year moratorium on AGR dues, easing near-term cash flow but leaving high leverage and spectrum obligations a ...
US PE firm TGH in talks to pump up to $6 billion into Vodafone IdeaThe New York-based investment firm is not seeking a waiver of all dues, but a restructuring of the liabilities that will give some breathin...
SC breather may recharge Vi's ₹25,000 crore funding plan: AnalystsSupreme Court relief for Vodafone Idea (Vi) could unlock significant positive developments, including ₹25,000 crore in bank funding and pot...
Duopoly is not good: Chidambaram backs VI revival while warning against govt takeoverP Chidambaram has backed revival efforts for Vodafone Idea, cautioning against a telecom duopoly that could harm consumers and the market. ...
It’s actually a ViN-ViN for all: Government’s stake hike in Vi revives telecom pulseThe GoI's move to convert Vi's outstanding spectrum dues into equity significantly eases Vi's financial burden and stabilizes the telecom s...
Don't miss strategic ViAbility for equityThe government's equity infusion into Vodafone Idea by converting ₹36,950 crore spectrum dues into equity raises crucial questions. This mo...
Citi sees 76% upside in Vodafone Idea as govt hikes stake, also bullish on Indus TowersCiti Research reaffirmed its buy/high-risk rating on Vodafone Idea after the government raised its stake to 48.99%, easing financial strain...
Vodafone Idea’s talks with lenders for funds have picked up pace, says CEO Akshaya MoondraMoondra conceded that fund-raising conversations with lenders were stalled before the government approved conversion of Rs 16,133.18 crore ...
Vodafone Idea promoters urge govt to expedite equity conversionLoss-making Vodafone Idea had declared March end as the deadline for raising fresh funds, which will help it to cut debt and invest in its ...
Vodafone Idea urges DoT to release Rs 15,000 crore bank guarantees"Vodafone has expressed the need to release bank guarantees since the AGR dues themselves have been deferred by four years," a senior govt ...
Vodafone to sell 2.4% in Indus via block deal; in talks with major shareholder to sell 4.7% more“Vodafone announces that it has launched a placing of 63.6 million Primary Shares in Indus through an accelerated book build offering. This...
Can government's equity lifeline save embattled Vodafone Idea?The regulatory burden has stifled VI for a long time, with the telco struggling to invest in its network and services. With the new structu...
View: It’s in mutual interest of India and Vi to find a new solutionA perpetual challenge for lawmakers on economic policy has been that of balancing the role of the State with the interests of the free mark...
Converting debt to equity is one option to save Vodafone Idea, lenders tell DoTConverting the debt of cash-strapped Vodafone Idea (Vi) to equity is one option to get out of the precarious position banks are in, lenders...
Kumar Mangalam Birla steps down as non-exec chairman of Voda Idea“Consequently, the Board has unanimously elected Mr. Himanshu Kapania, currently a Non-Executive Director, as the Non-Executive Chairman,” ...
Moody's downgrades Tata Motors with negative outlook on JLR worriesThe corporate family rating and the company's senior unsecured instruments rating have also been downgraded.
Jindal Stainless Group aims 15-20pc jump in topline in FY19The Group's turnover during the last fiscal was around Rs 20,000 crore from sales of 1.4 million tonnes of steel products.
- Change in accounting principles may hit companies' ability to borrow
The ministry issued the revised Schedule VI to Companies Act, through a notification (No. S.O. 447 (E)) by laying down a new format for pre...
- IFCI debt-equity conversion stalemate may hold up sale
Bankers having exposure to IFCI are yet to decide on whether they would convert their debt into equity.
- IFCI gives banks, FIs equity option
In what could hold wide ramifications to the 26% stake sale of IFCI, its board on Monday decided to offer 30-odd banks and financial instit...