08-May-2024
Corporate News
 
Vi got a new lease of life, says Birla
26-Apr-2024

Aditya Birla Group chairman Kumar Mangalam Birla said the Rs 18,000-crore fund-raise has given Vodafone Idea a "fresh lease of life", and set the stage for a "smart turnaround". "Vi is not just a telecom company, it's a national asset with 215 million users and about 8,000 MHz spectrum," said Birla. Investors in Vodafone Idea made a 26% return within a week as the shares of the telecom services company, which were offered at Rs 11 apiece in an FPO, closed at Rs 13.9 on the BSE.

News Source:- https://timesofindia.indiatimes.com/business/india-business/vi-got-a-new-lease-of-life-says-birla/articleshow/109603906.cms