New Delhi: Vodafone’s idea on Wednesday said it would announce the increase in “momentary” funds as a company – who had received a new lease after the bailout package expanded by the government – had received “big interests” of investors, especially international funds.
Ravinder Takkar, MD & CEO of the idea of ​​Vodafone, said the main problem of potential investors has been handled through the government package, which has included guarantees that at least three private operators will continue to operate in the country and also there will also be finance and liquidity.
Extended support.
“I believe it is a positive sign for investors.
This process is positive for fundraise and investor feedback.
I hope to immediately return to announce the process of replacing funds,” said Takkar, a day after the idea of ​​Vodafone decided to offer a government 35.
8% equity at The company with more than the estimated interest payment of the 16,000crore RS it has made for a four-year moratorium on the spectrum and AGR accusations.
Takkar said the company’s promoters – Vodafone British and the local Birda Bira group – will continue to direct the company through the revival process, while the government, despite getting majority shares, will not manage operations everyday and also not.
Demand the board seat.
“There are no conditions in the letter written by the telecommunications department to us,” he said.
Takkar said Vodafone and Aditya Birla Group received a share dilution to facilitate the government’s entry with the best interests of the company.