According to National Stock Exchange (NSE) block deal data, Pastel Limited, a subsidiary of Singapore Telecommunications (Singtel), has sold around 1.6 per cent stake in Bharti Airtel to Bharti Telecom Limited (BTL), through a...
Read MoreAtlas Investissement, an investment vehicle of Iliad, has acquired a 2.5 per cent stake in Vodafone Group Plc. Atlas Investissement said it was supportive of Vodafone’s publicly stated intention to pursue consolidation...
Read MoreBharti Telecom reportedly plans to raise up to Rs 60 billion of debt through non-convertible debentures (NCDs) to buy the balance portion of the 3.33 per cent stake in Bharti Airtel from Singapore Telecommunications (Singtel)....
Read MoreAccording to industry sources, the government will acquire stakes in Vodafone Idea Limited (Vi) subject to the stability of its stock price at Rs 10 or above. Vi board has offered a stake to the government at a par value of Rs...
Read MoreThe Ministry of Finance has reportedly cleared a proposal to convert Vodafone Idea Limited’s (Vi) accrued interest worth Rs 161.3 billion on deferred adjusted gross revenue (AGR)-related dues to equity. According to sources, the...
Read MoreAs per industry sources, Singapore Telecommunications’ (Singtel’s) subsidiaries – Pastel...
Read MoreThe fund-raising committee of Salasar Techno Engineering has approved a proposal to raise around Rs 820 million from foreign portfolio investors (FPIs) through issuance of equity shares to qualified institutional buyers. The...
Read MoreAccording to industry sources, Reliance Retail Ventures and Reliance Jio have raised about Rs 85 billion working capital loans collectively through short-term money market instruments. While Reliance Retail Ventures likely sold...
Read MoreThe iBus Group has raised an investment of Rs 1.25 billion from Nomura, a global financial services group. The strategic investment is aimed at enabling iBus Group’s consolidation and transformation of digital infra in Wi-Fi...
Read MoreThe board of Himachal Futuristic Communications Limited (HFCL) has approved raising up to Rs 6.5 billion to be invested in enhancing research and development facilities and setting up new production facilities to enhance...
Read MoreAccording to industry sources, Vodafone Idea Limited (Vi) has prepaid a short-term loan of about Rs 27 billion to State Bank of India (SBI). The move is expected to shore up lenders’ confidence as the operator urgently...
Read MoreAccording to a regulatory filing, the Mahanagar Telephone Nigam Limited (MTNL) has defaulted on an interest payment of Rs 351.5 million to Union Bank of India. The aforesaid interest amount was due to be paid in July 2022....
Read MoreAccording to a regulatory filing, Himachal Futuristic Communications Limited (HFCL) and its subsidiary, HTL Limited, has received purchase orders amounting to about Rs 970 million from a leading Indian telecom operator for the...
Read MoreAccording to an exchange filing, Singapore Telecommunications (Singtel) has decided to sell a 3.33...
Read MoreAccording to industry sources, Bharat Sanchar Nigam Limited (BSNL) has initiated the process to sell 10,000 telecom towers to meet the targets laid out by the government as part of its national monetisation pipeline (NMP). To...
Read MoreAccording to a filing made at an exchange, Tejas Networks has bought the residual 0.97 per cent stake to acquire its targeted 64.40 per cent holding in Saankhya Labs. The company acquired the remaining balance of 93,571 equity...
Read MoreAccording to industry sources, Bharti Airtel is planning to raise up to Rs 30 billion in short-term debt from the local money market. The decision comes in the backdrop of the requirement of funds to make the initial payment to...
Read MoreThe Mahanagar Telephone Nigam Limited (MTNL) has reported narrowing of its consolidated loss to Rs 6.53 billion for the quarter ended (QE) June 30, 2022. The company had posted a loss of Rs 6.89 billion in the same period a year...
Read MoreITI Limited has announced its financial results for the quarter ended (QE) June 30, 2022. The company has reported widening of its consolidated loss to Rs 997 million for the reported quarter as compared to the loss of Rs 879.5...
Read MoreAirtel Africa has announced the signing of a $125 million revolving credit facility with Citi through its branch offices/subsidiaries in sub-Saharan Africa. The facility is in line with Airtel Africa’s strategy to raise debt in...
Read MoreTata Teleservices Maharashtra Limited (TTML) has announced its financial results for the quarter ended (QE) June 30, 2022, reporting a loss of Rs 2.95 billion. The company had posted a loss of Rs 3.18 billion for the QE June 30,...
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