Vodafone Idea raises ₹500 crore from Tata Capital in bond issue
Vodafone Idea raised ₹500 crore from Tata Capital in its ₹3,300 crore bond issue, with Tata being a major subscriber. The funds will support capital expenditure and asset transfers, crucial for the telco's growth strategy.
after close1 source ↓written by the desknot a recommendation
- from Tata Capital
- ₹500 crore
- bond issue
- ₹3,300 crore
- Series
- ₹3,000 crore
- coupon
- 12%
- Series B
- ₹300 crore
Vodafone Idea has secured ₹500 crore from Tata Capital as part of its ₹3,300 crore bond issue, making Tata one of the largest subscribers. The non-convertible debentures include ₹3,000 crore Series A at 12% coupon and ₹300 crore Series B at 7% coupon, aimed at supporting capital expenditure and asset transfers.
This funding is crucial for Vodafone Idea's growth plans and may enhance liquidity in the telecom sector. 📈
Not investment advice. For informational purposes only.