Vodafone Idea’s board approved preferential allotment of equity shares to Nokia and Ericsson to clear dues. Vi’s vendor ATC Telecom also benefitted from stock market gains. Vi’s move to dilute equity for debt repayment is uncommon in listed companies.
Mutual funds have Rs 6,000 crore investments in Vodafone Idea
Approximately 32 mutual fund houses held investments in Vodafone Idea. In August, 17 of these houses increased their shareholdings, 10 decreased them, and 5 maintained
September 20, 2024