Vodafone Idea (Vi), a joint venture between Aditya Birla Group and Vodafone Group, will continue to scout for new equity investors and invest in new technologies, including fifth-generation-based technology, after the central government’s bailout package.
- 10 Tips for Trading in a Volatile Market
- RITES Shares Surged 3% on Signing an MoU with Ultratech Cement
- Sandur Manganese Shares Rally 4% on Acquiring Arjas Steel
- Tech Mahindra Shares Hit 10% Upper Circuit on Releasing Three-Year Roadmap
- Stocks Under F&O Ban: Vodafone Idea
The loss-making company will be saving up to Rs 23,000 crore per annum to help it tide over its immediate cash-flow crisis. “It is a big relief to both promoters that the company will not face bankruptcy as was the case before the package,” said a source close to Vi.
Stock Covered in the news