Vodafone Concept (Vi) has referred to as particular buyers and analysts meet on September 23, 2024. It is going to be Monday and this assembly is scheduled from 2:30 PM to three:00 PM. The corporate mentioned that this assembly is to offer an replace on the current developments. For the unaware, the Supreme Courtroom of India mentioned that they will not entertain any recalculation pleas for adjusted gross income (AGR) dues.
The members from the corporate (Vodafone Concept) at this meet shall be Akshaya Moondra, CEO of Vodafone Concept, and Murthy GVAS, chief monetary provide of the corporate. The telco’s senior administration group may also be a part of this assembly.
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It is going to be fascinating to listen to what Vodafone Concept’s administration has to say concerning the developments. A Vi spokesperson informed TelecomTalk, “We had shared a goal of elevating Rs 45000 crore by way of fairness and debt. We’ve got already raised Rs 18000 crore in India’s largest FPO and preferential issuance of fairness shares price Rs 2080 crore to ABG entity (Promoter group). The subsequent step is securing debt funding, and we’re in lively discussions with a number of banks. A key milestone on this course of was the updating of the impartial techno-economic analysis (TEV) initiated by the banks, which was accomplished just lately.”
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This assertion does not deal with the scenario at hand precisely however signifies that the corporate is targeted on elevating funds by way of debt. The lenders shall be wanting on the developments intently.
