Vodafone, Birla to infuse equity in Vodafone Idea
Reports on government looking to convert up to 70% stake in Vodafone Idea have been rubbished by officials.
Reports on government looking to convert up to 70% stake in Vodafone Idea have been rubbished by officials.
The government has to choose either a collapse or a possible bailout by BSNL. Either of the outcomes is good for Jio and Airtel.
The quarter ended March saw private equity investments worth $4 billion deployed across 200 deals.
The entity will compete with Airtel, Paytm and Fino to get India’s unbanked population online.
Idea Cellular’s preferential allotment of Rs 3,250 crore comes at a premium of 14.7% for promoters.
As regulatory changes reduce losses and price hike promises more revenue, analysts are predicting better days ahead for the Reliance stock.
Himanshu Kapania talks about his ‘trial by fire’ after taking over as managing director of Idea Cellular.