Vi shares plummet: no further state support for Vodafone’s India affiliate
With share price diving after government indicated no further state help, at least on current basis, beleaguered Vi under renewed pressure to secure future and fund critical 5G rollout…
This article includes:
- Themes: Adjusted gross revenue (AGR); Bail out; Capital expenditure; Debt financing; Disinvestment; Equity investment; Fundraising; Network investment; Privatisation; Share price; Subscriber losses; Turnaround plans.
- People: Arunish Chawla; Chandra S Pemmasani; Jyotiraditya Scindia.
- Geographic: India.
- Organisations: Aditya Birla Group (ABG); Central Public Sector Undertaking (PSU); Department of Investment and Public Asset Management; JM Financial; Supreme Court; Vi (Vodafone Idea); Vodafone Group; Vodafone Idea Telecom Infrastructure Limited.
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