{"id":33468,"date":"2022-06-20T15:10:00","date_gmt":"2022-06-20T09:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-vodafone\/"},"modified":"2022-06-20T15:06:18","modified_gmt":"2022-06-20T09:36:18","slug":"biz-vodafone-idea-fundraising","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-vodafone-idea-fundraising\/","title":{"rendered":"VIL board meeting on Jun 22 to consider up to Rs 500 cr fundraising from Voda Group"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1710272067\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Vodafone Idea&#8217;s Board is scheduled to meet on June 22, to consider and approve a proposal for raising funds to the tune of Rs 500 crore.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2744262218\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The fundraising will be through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the promoters of the company).<\/p>\n<p>&#8220;&#8230; A meeting of the Board of Directors of the company is scheduled to be held on Wednesday, 22nd June 2022&#8230; to consider proposal for raising of funds aggregating up to Rs 500 crore, by way of issuance of equity shares and \/ or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the promoters of the company),&#8221; VIL said in a filing to BSE on Sunday evening.<\/p>\n<p>The move comes as the Indian telecom market is poised for 5G spectrum auction, and subsequent roll out of new-age offerings.<\/p><div class=\"trade-content_5\" id=\"trade-3660046038\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Following the September reforms announced by the Centre, debt-ridden Vodafone Idea (VIL) had opted for converting about Rs 16,000 crore interest dues liability payable to the government, into equity. This will result in the government holding about 33 per cent stake in the company.<\/p>\n<p>Sources at the Department of Telecommunications (DoT) said that VIL&#8217;s equity conversion proposal is in final stages, and required approvals on the same are expected as early as 7-10 days. PTI MBI DRR<\/p>\n<div class=\"trade-after-content\" id=\"trade-3159511359\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Vodafone Idea&#8217;s Board is scheduled to meet on June 22, to consider and approve a proposal for raising funds to the tune of Rs 500 crore. The fundraising will be through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":14626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-33468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>VIL board meeting on Jun 22 to consider up to Rs 500 cr fundraising from Voda Group - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-vodafone-idea-fundraising\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VIL board meeting on Jun 22 to consider up to Rs 500 cr fundraising from Voda Group\" \/>\n<meta property=\"og:description\" content=\"Vodafone Idea&#8217;s Board is scheduled to meet on June 22, to consider and approve a proposal for raising funds to the tune of Rs 500 crore. 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