 "Vodafone Idea")
The board of Vodafone Idea (Vi) will meet on Friday to discuss issuing convertible debentures to a vendor.
Vi on Wednesday informed stock exchanges that its board will meet to consider and evaluate the issue of debentures that can be converted into equity shares on a preferential or a private allotment basis. The issue of debentures will be subject to approvals from regulators and shareholders.
The development comes within 20 days of Indus Towers warning the financially stressed telecom company to clear its dues by November or face disconnection. Vi did not disclose further details about the proposal. Vi has struggled to
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