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.
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.