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NEW DELHI: Amid reports suggesting Verizon and Amazon may invest more than $ 4 billion in the company, Vodafone idea on Thursday he said that while he constantly evaluates various opportunities as part of corporate strategy, there is no such proposal currently before his board.
As the board considers various proposals that justify disclosure, the company will comply with disclosure obligations under SEBI rules, Vodafone Idea said in a regulatory filing.
“As part of the corporate strategy, the company constantly evaluates various opportunities to enhance the value of stakeholders … Currently, there is no proposal as reported by the media that is being considered by the board,” he said. VILE.
The VIL filing came after the BSE requested clarification from the company on Thursday about a media report suggesting that Verizon and Amazon could invest more than $ 4 billion in Vodafone Idea.
“We wish to reiterate and clarify that the company will comply with SEBI’s listing regulations and will keep the stock exchanges duly informed of all price-sensitive information,” added VIL.
It is pertinent to mention here that the Vodafone Idea board of directors is scheduled to hold a crucial meeting on Friday to consider fundraising through various means.
The development comes after the Supreme Court verdict ordering all telecom operators to pay 10 percent of total adjusted gross income (AGR) related fees this year, and the rest of the payments in 10 installments from the next fiscal year.
Vodafone Idea has AGR quotas of more than Rs 58,000 crore, of which the company has so far paid Rs 7,854 crore to the Department of Telecommunications.
In a presentation earlier this week, the company had said that the board at its meeting “will consider and evaluate each and every proposal for fundraising in one or more tranches by means of a public issue, preferential allocation, private placement, including a placement of qualified institutions or through any other permissible modality and / or combination thereof … through the issuance of shares or through the issuance of any instrument. ”
The board will also consider raising funds through securities, including securities convertible to equity shares, global depository receipts, U.S. certificates of deposit, or bonds, including foreign currency convertible bonds, convertible bonds, warrants, and non-convertible bonds, including non-convertible bonds. convertibles along with warrants, which may or may not be listed, he said.
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