Vodafone Idea secures ₹500 crore from Tata Capital in bond issue
pre-market1 source ↓written by the desknot a recommendation
- from Tata Capital
- ₹500 crore
- non-convertible debenture NCD
- ₹3,300 crore
- Series
- ₹3,000 crore
- 12% coupon
- Series B
- ₹300 crore
Vodafone Idea has raised ₹500 crore from Tata Capital as part of its ₹3,300 crore non-convertible debenture (NCD) sale. The NCDs, split into two tranches, include ₹3,000 crore Series A with a 12% coupon and ₹300 crore Series B with a 7% coupon. Proceeds will support capital expenditure and repay obligations linked to fibre asset transfers.
This funding is crucial for Vodafone Idea's growth plans and may enhance investor confidence in the telecom sector. 📈
Not investment advice. For informational purposes only.