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Thursday, February 29, 2024
#vodaidea #vodafoneidea #Vodafone
Vodafone Idea Ltd, which is looking to raise Rs 45,000 crore in equity and debt, has secured equity commitments from anchor investors exceeding $1 billion (Rs 8200 crore), people familiar with the development said.
The possible tying up of funds from a clutch of investors, the identities of whom could not be immediately ascertained, marks a crucial step forward for the telecom giant as it navigates its financial restructuring.
Vodafone Idea has informally engaged a group of investment banks to devise efficient funding structures for the planned fundraising, the people said, requesting anonymity. The company, according to them, is looking to optimize its fundraising strategy by exploring various avenues, including the preferred method of equity fundraising. Options under consideration include a rights issue, preferential allotment, or a follow-on public offering.
“A preferential allotment will allow it to raise funding through a hybrid structure such as warrants, a rights issue or FPO will allow Vodafone Idea to price the new shares at a level deemed reasonable by the incoming investors as well existing shareholders,” one of the people cited above, a banker, said.
Email queries to spokespeople for Vodafone Idea, Aditya Birla Group and Vodafone Group Plc did not elicit a response.
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#Market surges in last hour amid MSCI Flows, ends at day’s high
#Market regains half of Thursday’s losses, Nifty back above 22,000
#Reliance #IndusindBank #ICICIBank amongst top Nifty contributors
#banks lead the recovery in market, Nifty Bank up 700 points from lows..
#Autos close mixed ahead of mthly sales, Bajaj Auto slips 3%, M&M up 2%
#Sensex rises 195 points to 72,500 & Nifty 32 points to 21,983
#NiftyBank gains 158 points to 46,121 & Midcap Index 247 pts to 48,336
#TataConsumer #Britannia #nestle rise amid buying seen in #FMCG basket.....
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https://twitter.com/arbindtiwariT/status/1762338120471806446
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#Hospital stocks slip on SC ruling, Apollo Hosp & Max Hosp slip 4-7%
#Bergerpaints #HindCopper #intellectdesign #rec are top Midcap gainers
#ShriramFinance rises 4% on Nifty inclusion while UPL slips 1% on exclusion
#GujaratGas rises 3% as company announces cut in industrial price
#Market breadth favours advances, advance-decline ratio at 1:1
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Wednesday, February 28, 2024
Really Really A Great News For Our Society Today..
``Tata Institute claims it has developed a tablet that could prevent cancer from recurring and reduce the side effects of treatment by 50%. The tablet, which comes at a cost of just ₹100 is awaiting approval from @fssaiindia.
If approved, will hit the market by June.``
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#market Ends At Day’s Low After A Broad-based Fall
#VodafoneIdea Falls 14.78% Despite Co’s Plan To Raise Up To ₹45,000 Cr
#Auto Stocks Under Pressure Ahead Of Monthly Sales, Down 2-4%
#HAVELLS Builds On To Tuesday’s Gains On Brokerage Upgrade, Up 4%
#Max Fin Rises In A Weak Session, Ends 3% Higher On +ve Brokerage Note
#market Becomes Weak Ahead Of Monthly Expiry, Frontliners Down 1-2%
#Broader Mkts Underperform, 80% Of Midcap Index Stocks Close Lower
#Sensex Falls 790 Points To 72,305
#Nifty 247 Points To 21,951
#NiftyBank Slips 625 Points To 45,963 & Midcap Index 952 Points To 48,089
#Midcap Stocks Like Page, Atul, Navin Fluorine & Bata Hit 52-week LowsðŸ˜ðŸ˜ðŸ˜ðŸ˜ðŸ˜ðŸ˜
#5Nifty Stocks Are Now Less Than 5% Away From 52-week LowsðŸ˜ðŸ˜ðŸ˜ðŸ˜ðŸ˜ðŸ˜ðŸ˜
#46Of50 Nifty Stocks Close In The Red, Stocks Fall Up To 4%
#BSE Companies Erase Market Cap Of More Than ₹6 Lakh CroreðŸ˜ðŸ˜ðŸ˜ðŸ˜ðŸ˜ðŸ˜ðŸ˜ðŸ˜ðŸ˜
#PSU Cos See A Sharp Fall With PSU Index Slipping 2%, Erase ₹1.5 Lk Cr Mkt Cap
#market Breadth Firmly Favours Declines, Advance-Decline Ratio At 1:6
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@3PM #Nifty Spot Trading Near 24,550 Down 220 pts. Again Today #NiftyBank Spot Trading Near 55,600 Down 360 pts. Hold & Carry #Nift...
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#automobile #Maruti #HeroMotoCo #Eicher #AshokLeyland #TataMotors Choice Always Yours... Follow Me On Twitter @arbindtiwariT
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