Vodafone UK raises stake to 47.61% in Vodafone Idea
By MYBRANDBOOK
British telecom major Vodafone has raised its stake in Vodafone Idea Ltd through its subsidiary Prime Metals Ltd. The company earlier held 44.39% stake in Vodafone Idea Ltd. After the acquisition of shares, Vodafone's shareholding in VIL increased to 47.6%.
Additionally, Vi’s board had approved the allotment of 338.3 crore equity shares at Rs 13.30 per scrip to three promoter group entities -- Prime Metals, Euro Pacific Securities, and Oriana Investments.
Vodafone Idea said, “Prime Metals Ltd (PML) held 2,18,55,26,081 equity shares (representing 7.61% of the equity share capital) of Vodafone Idea Limited (the “Company"). PML has acquired 570,958,646 equity shares of the Company through allotment of equity shares pursuant to a preferential issue by the Company.”
It is reported that Vi is raising a total of Rs 14,500 crore from the market, where Rs 4,500 was supposed to come from the promoters. For the remaining Rs 10,000 crore, the telco is talking with other investors globally.
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
NUMERIC INDIA, A Group Brand Legrand
SAMRIDDHI AUTOMATIONS PVT. LTD.
TEJAS NETWORKS INDIA PVT. LTD.
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
Technology Icons Of India 2023: Sunil Gupta
Sunil Gupta is the Co-founder, Managing Partner & CEO of Yotta Infrast...
Technology Icons Of India 2023: B.V.R. Subrahmanyam
B.V.R. Subrahmanyam belongs to Andhra Pradesh. He is a 1987-batch IAS ...
Technology Icons Of India 2023: Deepinder Goyal
Deepinder Goyal is the Founder and CEO of Zomato. Deepinder, or Deepi,...
C-DOT enabling India in indigenous design, development and production of telecom technologies
An autonomous telecom R&D centre of Government of India, Center of Dev...
Aadhaar: Architecting the World's Largest Biometric Identity System
The Unique Identification Authority of India (UIDAI) is a statutory au...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...
INGRAM MICRO INDIA PVT. LTD.
Ingram Micro India, a large national distributor offers a comprehensiv...