Vodafone India, through its three subsidiaries, has raised Rs 75 billion through the sale of rupee-denominated bonds in the Indian capital market. The bonds have a maturity period of five years and one month, and offer a coupon rate of 10.25 per cent. While Vodafone Spacetel raised Rs 35 billion, Vodafone Essar Cellular and Vodafone South raised Rs 25 billion and Rs 15 billion, respectively. The bond issue was managed by HSBC Holdings and Standard Chartered Bank.
Meanwhile, according to data by Ministry of Commerce and Industry, Vodafone invested $1.5 billion in the Indian telecom sector between April 2014 and February 2015. This was the largest investment made by a multinational company in India during the period.
