iWorld

Vodafone Idea board approves raising Rs 25K crore by rights issue

https://indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/01/23/vodaone.jpg?itok=W2bDDPhg

BENGALURU: Vodafone Idea Limited has intimated the stock exchanges that its board of directors has considered and aprroved the offer and issue of fully paid-up and/or partly-paid up equity shares of the company and/or other securities convertible into equity shares of the company, including but not limited to, compulsorily convertible debentures, for an amount aggregating up to Rs. 25,000 crore (Rupees Twenty Five Thousand Crore), by way of a rights issue to existing eligible equity shareholders of the company as at the record date, in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations.

Vodafone Idea further stated to the Stock Exchanges that the tromoter shareholders (Vodafone Group and Aditya Birla Group), have re-iterated to the board that they intend to contribute up to Rs.11,000 crore and up to Rs.7,250 crore respectively as part of such Rights Issue. Further, the promoter shareholders have indicated that in case the Rights Issue is undersubscribed, each of the Promoter shareholders reserves the right to subscribe to part or whole amount of the unsubscribed portion, subject to applicable law.

For the purposes of giving effect to the Rights Issue, the board has authorized the Capital Raising Committee to, inter-alia, decide the terms and conditions of the Rights Issue, including the instrument, issue price, rights entitlement ratio, record date, timing of the Rights Issue and other related matters.

Latest Reads

https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/24/pm.jpg?itok=f6P-vGW1
ZEE5 announces world digital premiere of the accidental prime minister

ZEE5, India’s fastest growing OTT platform testifies its promise to deliver latest blockbuster movies with the worlddigital premiere of The Accidental Prime Minister.

iWorld Over The Top Services
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/24/whats.jpg?itok=zTDURofw
WhatsApp is bringing ads by 2020

At the Facebook Marketing Summit that was held in the Netherlands, the social app confirmed that ads will be coming to WhatsApp in 2020.

iWorld Social Media
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/24/ddyoutube.jpg?itok=PimgMaZb
DD YouTube channel sees more than 60mn viewers for live election verdict

It was quite evident from the viewership trends of the past few high-decibel events like the IPL and general polls, that there is going to be a huge influx of native digital population on various streaming sites to keep a tab on the live election verdict on 23 May.

iWorld Social Media
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/24/twitter.jpg?itok=LgSM0CNj
Twitter provided a front row seat to the world’s largest democratic election with a record 396 million Tweets for #LokSabhaElections2019

Over the last several months, candidates and citizens made Twitter the destination for breaking news and real-time public discussions about the #LokSabhaElections2019.

iWorld Social Media
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/23/tvf.jpg?itok=VeOr3wuU
TVF receives fresh funding of $5mn from Tiger Global

The Viral Fever (TVF) has raised fresh funds of close to $5 mn from New York-based Tiger Global Management, showed regulatory filings.

iWorld Over The Top Services
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/23/tiktok.jpg?itok=m9U8iGc4
TikTok collaborates with Sony Music artist Aastha to create the TikTok World Cup Anthem “Jeetega Saara India”

To mark the beginning of the most awaited Cricket tournament of the year- ICC Cricket World Cup 2019, TikTok, world’s leading short-video platform, in collaboration with global music giant Sony Music’s artist Aastha Gill has launched the TikTok World Cup Anthem titled “Jeetega Saara India.”.

iWorld Social Media
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/23/altbalaji.jpg?itok=JXZIMVxA
ALT Balaji revenue up five-fold: Balaji Telefilms board recommends final dividend

The Ektaa Kapoor-led Balaji Telefilms Ltd (BTL) reported more than five-fold (512.4 percent increase) growth in standalone operating revenue from its OTT platform ALT Balaji (Digital segment) for the year ended 31 March 2019 (FY 2019, year under review) as compared to the previous fiscal (FY 2018...

iWorld Over The Top Services
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/23/nikhil.jpg?itok=8j-10H87
Hotstar’s Nikhil Madhok on regional shows, digital original films and collaborating with creators

Despite competing with over 30 over-the-top (OTT) platforms, Hotstar is undoubtedly ruling the burgeoning streaming market of India.

iWorld Over The Top Services
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/22/Simran-Sethi.jpg?itok=Rw_CZ_NK
Netflix’s Simran Sethi steps down

At a time when Netflix is scaling up its Indian operation, one of the top executives Simran Sethi has stepped down from her current position.

iWorld Over The Top Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories