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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. [22]
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]
On 5 December, Vodafone Group Plc sold the remaining 3.05% stake permanently exiting the company. The stake sale will be used to pay $101 million owed to indian banks & the remaining money will be used to subscribe to preferred shares of Vodafone Idea which will be used to reduce vi's outstanding debt with Indus Towers.
It operates 2.3 GW renewable capacity in 9 Indian states and announced 4.5 GW by FY2026 through utility and commercial projects. [60] Mining: The group has mineral resource operations through its subsidiary Essel Mining Industries Ltd. [61] Telecom: The group has a presence in the telecom sector through its joint venture, Vodafone Idea. [62]
Merged into Idea Cellular [17] Hutch Essar: 1999 Acquired by Vodafone to form Vodafone India: Axiata Spice Communications: 1992 Merged into Idea Cellular [18] S Tel: 2012 Licence cancelled by the Supreme Court of India: Etisalat: 2010 [19] 2012 Licence cancelled by the Supreme Court of India [20] BPL Mobile (Loop Mobile) 1995 2014
Adobe expects foreign exchange volatility and the company's shift towards subscriptions to cut into its fiscal 2025 revenue by about $200 million. The company is making significant investments in ...
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 ...
Heather Locklear still has a lot of love for her ex David Spade.. On Friday, Dec. 6, the actress, 63, made a rare appearance at Steel City Con in Monroeville, Pa., where she participated in a Q&A ...