Debt-ridden Vodafone Idea's board will meet on Tuesday to discuss a proposal to issue Rs 1,600 crore debentures to mobile tower vendor ATC Telecom Infrastructure. Vodafone Idea (VIL) and ATC had agreed to extend the last date to issue optionally convertible debentures (OCD) till February 28 after the shareholder's approval to issue the debentures lapsed in December. "We wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 31st January 2023, in relation to the said preferential issue of OCDs to ATC and to convene the Extraordinary General Meeting of the Company to seek approval of the shareholders in this regard," VIL said in a regulatory filing. The shareholders' nod to issue OCD within 15 days of approval of the proposal had lapsed in the absence of any response from the government on the conversion of interest dues into equity. On November 21, shareholders of debt-ridden Vodafone Idea (VIL) approved issuing OCDs worth Rs .
from Latest News https://ift.tt/RQFeh4O
via WebMD https://ifttt.com/images/no_image_card.png
ABOUT THE AUTHOR
TEAMS FUN AND FAIR - News N Entertainment is your one-stop destination for the latest news, entertainment updates, and product reviews. From breaking headlines and Bollywood buzz to cricket updates and smart shopping recommendations, we bring you curated content that keeps you informed and entertained. Discover trending news from India Today, explore amazing deals on Amazon products including electronics, home decor, furniture, and fashion accessories, and stay updated with sports highlights
