Vi’s FPO receives 26 per cent subscription on first day of bidding
Vodafone Idea Limited’s (Vi) follow-on public offer (FPO) worth Rs 180 billion has been...
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Dialog, Axiata Group and Bharti Airtel sign definitive agreement to merge operations in Sri Lanka
Dialog Axiata plc, Axiata Group Berhad and Bharti Airtel Limited have signed a definitive agreement to combine their operations in Sri Lanka. Under this agreement, Dialog will acquire 100 per cent of the issued shares in Airtel...
Read MoreTata Communications announces its Q4 and full year FY24 results
Tata Communications has announced its financial results for the quarter and full year ended March 31, 2024. The consolidated revenue for the fiscal year 2023-24 (FY24) increased by 17.5 per cent, coming in at Rs 209.69 billion,...
Read MoreVi raises Rs 54 billion from nearly 60 anchor investors
Vodafone Idea Limited (Vi) has raised Rs 54 billion from nearly 60 anchor investors, making it the...
Read MoreEricsson reports results for the first quarter of 2024
Ericsson has announced financial results for the first quarter (Q1) of 2024. The organic sales for the company declined organically by 14 per cent year-over-year (YoY), due to a 19 per cent decline in networks. The gross income...
Read MoreSTL raises Rs 10 billion through QIP route
STL has raised Rs 10 billion through a qualified institutional placement (QIP) route. The entire process saw healthy participation by global and Indian investors. The company approved the issue and allotment of 88.4 million...
Read MoreVi’s FPO to raise up to Rs 180 billion set to open on April 18, 2024
Vodafone Idea Limited (Vi) will open a follow-on public offer to raise up to Rs 180 billion on...
Read MoreNIIF invests $200 million in iBUS to propel digital infrastructure expansion in India
National Investment and Infrastructure Fund Limited (NIIF) and iBUS Network and Infrastructure Private Limited (iBUS) have announced an investment of around $200 million in iBUS through NIIF’s master fund to support the growth...
Read MoreVi’s board receives approval to raise Rs 20.75 billion from Aditya Birla Group on preferential basis
Vodafone Idea Limited’s (Vi) board has approved a preferential share issue to raise Rs 20.75...
Read MoreBharti Hexacom’s IPO receives bids worth over $ 8 billion
Bharti Airtel’s subsidiary Bharti Hexacom has received bids worth Rs 702.51 billion ($ 8.43 billion) in its initial public offering (IPO), outpacing its offer size of Rs 42.75 billion. According to data from the National Stock...
Read MoreBharti Hexacom’s IPO booked 1.12 times on the second day of bidding
Bharti Airtel’s subsidiary Bharti Hexacom’s initial public offering (IPO) has received 1.12 times subscription on the second day of bidding. The IPO worth Rs 42.75 billion will close on April 5, 2024. According to the National...
Read MoreTelecom Revenues: Performance of various service segments during the quarter ended December 2023
As per TRAI’s data, companies operating in the national long distance (NLD) space generated total...
Read MoreTelecom Revenues: Performance of various service segments during the quarter ended December 2023
As per the Telecom Regulatory Authority of India’s (TRAI) data, operators generated gross revenues...
Read MoreFinancial Briefs: India and overseas
Vi to raise Rs 450 billion through equity and debt (India) Vodafone Idea Limited (Vi) is planning to raise up to Rs 450 billion through a combination of equity and debt. The operator announced that its board has approved the...
Read MoreBharti Hexacom’s IPO receives 34 per cent subscription on first day of bidding
Bharti Airtel’s subsidiary Bharti Hexacom’s initial public offering (IPO) has received 34 per cent subscription on the first day of bidding on April 3, 2024. This is the first public issue of the financial year 2024-25....
Read MoreVi shareholders approve Rs 200 billion fundraising plan
Vodafone Idea Limited (Vi) has received approval from its shareholders to raise Rs 200 billion through equity and equity-linked instruments. The results of the extraordinary general meeting (EGM) were announced on April 3, 2024....
Read MoreVi holds EGM to seek shareholders’ approval to raise up to Rs 200 billion via securities
Vodafone Idea Limited has held an extraordinary general meeting (EGM) to seek shareholders’ approval to raise up to Rs 200 billion by issuing securities. In addition, in a statutory filing, Vi said that the results of the...
Read MoreBharti Hexacom garners Rs 19.24 billon from anchor investors prior to its first IPO
Bharti Airtel’s subsidiary Bharti Hexacom has collected about Rs 19.24 billion from anchor...
Read MoreKeysight Technologies outbids Viavi Solutions to buy Spirent Communications for $1.46 billion
Keysight Technologies has outbid Viavi Solutions to buy Spirent Communications for about 1.16 billion pounds ($1.46 billion). Keysight offered 201.5 pence per share, topping Viavi’s 175 pence bid in early March, 2024....
Read MoreBharti Hexacom pegs IPO price band at Rs 542-570 per share
Bharti Airtel’s subsidiary Bharti Hexacom has pegged Rs 542 to Rs 570 per share price band for its upcoming Rs 42.75 billion initial public offering (IPO). The IPO is set to open on April 3, 2024 and will lead to...
Read MoreBharti Hexacom’s IPO to open on April 3, 2024; TCIL to sell 15 per cent share in Airtel unit
Bharti Airtel’s subsidiary Bharti Hexacom’s initial public offering (IPO) is set to open on April...
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