Voda Idea board clears shareholder pact amendment
Vodafone Idea Friday said its board has cleared amending the shareholders’ agreement to allow promoters Aditya Birla Group and Vodafone Group to retain governance and management rights in the company. “The Board of Directors at its meeting held today i.e. on 2 May 2025 have inter-alia resolved to…amend certain clauses of the Shareholders’ Agreement (to…
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Retail rush, IPO fever push FY25 fundraising to record Rs 20 lakh crore
Indian corporates shattered fundraising records in FY2024-25, mobilizing a staggering Rs 19.96 lakh crore through a mix of equity and debt instruments, despite volatile market conditions and global economic headwinds. The data, compiled by PRIME Database, highlights a strong appetite for capital across both primary equity markets and debt channels – making it the highest…
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Vodafone Idea nearing PSU stock status. What’s in store for 60 lakh shareholders?
After the Indian government decided to convert Vodafone Idea’s upcoming spectrum dues repayment into equity, in line with the provisions in 2021 telecom relief measures, the debt-ridden telco is now nearing PSU stock status as the government’s holding would increase from 22.6% currently to 49%. “With GoI’s stake rising to 49% after the latest equity…
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