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.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction