5G tech, new equity investors to be Vodafone Idea’s calling card

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Vodafone Concept (Vi), a three way partnership between Aditya Birla Group and Vodafone Group, will proceed to scout for brand spanking new fairness buyers and put money into new applied sciences, together with in fifth-generation-based know-how, after the central authorities’s bailout bundle.

The loss-making firm will probably be saving as much as Rs 23,000 crore each year to assist it tide over its quick cash-flow disaster. “It’s a huge reduction to each promoters that the corporate won’t face chapter as was the case earlier than the bundle,” stated a supply near Vi. The promoters will take a look at all choices to …




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First Revealed: Fri, September 17 2021. 00:12 IST

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