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On 3 February 2023, the Government of India ordered the company to convert its interest dues worth 161.33 billion Indian Rupees ($1.96 billion) to equity at the rate of 10 rupees per share face value (well over then market value ~8.5), thus making the government the single biggest shareholder in the company.
Idea Cellular was an Indian telecommunications company based at Mumbai, Maharashtra. [4] It was an integrated GSM operator and had 220.00 million subscribers as of June 2018. [5] In 2018 Idea Cellular merged with Vodafone India into Vodafone Idea. [6]
Idea Cellular: 2002 2018 Merged with Vodafone India to form Vodafone Idea [29] [30] Vodafone India: 2011 2018 Merged with Idea Cellular to form Vodafone Idea [29] [30] Tata DoCoMo: 2009 2019 Acquired by Airtel [31] Reliance Communications: 2004 2019 Declared bankruptcy, subsequently acquired by Jio [14]
Vodafone India was the Indian subsidiary of UK-based Vodafone Group and was a provider of telecommunications services in India with its operational head office in Mumbai. [2]As of March 2018, Vodafone India had a market share of 21%, [3] and with its merger with Idea, the collective Vodafone Idea network has approximately 375 million subscribers and is the third largest mobile ...
National Stock Exchange of India; Type: Stock exchange: Location: Mumbai, Maharashtra, India: Founded: 27th November 1992: Owner: Various group of domestic and global financial institutions, public and privately owned entities and individuals [1] Key people: Ashishkumar Chauhan (MD & CEO) Currency: Indian rupee (₹) No. of listings: 2,671 (Dec ...
The purchasing power of the rupee was equal to the price of silver in the bullion market and the rupee was the only legal tender and money of account by which all other prices were expressed. Thus while the rupee was a fixed value, its purchasing power fluctuated. The chart above indicates the approximate value of other denominations relative ...
Broadband is defined by the Telecom Regulatory Authority of India as "an always-on data connection ... that offers a minimum downlink and uplink speed of 2 Mbit/s". [2] The number of internet users is 895.832 million, out of whom 34.36 million are narrowband subscribers and 861.472 million are broadband subscribers. [3]
Serum Institute of India: Vaccines 7 Kushal Pal Singh: 20.9 billion DLF: Real estate 8 Kumar Mangalam Birla: 19.7 billion Aditya Birla Group: Textiles, telecom, cement 9 Radhakishan Damani: 17.6 billion Avenue Supermarts, DMart: Investments, retail 10 Lakshmi Mittal: 16.4 billion ArcelorMittal: Steel 11 Ravi Jaipuria: 16.2 billion RJ Corp Fast ...