Business Standard

Thursday, February 13, 2025 | 12:07 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Equity issue to govt is precondition for Vodafone Idea debenture issue

Last Friday, firm's Vi decided to issue 16,000 OCDs to American Tower Corporation and raise Rs 1,600 cr. Company has convened EGM on November 21 to approve the plan

Vodafone Idea
Premium

The notice states that Vi will have right to convert upto 8000 OCDs into equity shares if the share price of company for agreed period is equal or higher than price agreed by Vi and ATC

Aneesh Phadnis Mumbai
Vodafone Idea (Vi) will have to issue equity shares to the government prior to issuing optionally convertible debentures (OCDs) to American Tower Corporation.

Last Friday, the board of Vi decided to issue 16,000 OCDs to the tower company and raise Rs 1,600 crore. Vi has convened an extraordinary general meeting (EGM) of shareholders on November 21 to approve the plan.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in