Debt-ridden telecom operator Vodafone Idea’s shareholders have approved equity allocation worth Rs 436.21 crore to its promoter entity, the Vodafone Group. As per voting results submitted to the stock exchanges on Friday evening, 99.94 per cent of (VIL) shareholders approved allocation of the equity to Vodafone Group firm Euro Pacific Securities. Vodafone Group at present … Read more
Mumbai: Senior Cairn Energy executives are expected to meet finance ministry officials this week to discuss their tax dispute, days after Parliament approved scrapping of the retrospective clause in the 2012 tax amendment. The UK-based company, which won $1.2 billion in an arbitration award against India, is looking to settle the dispute and could meet … Read more
Aditya Birla Group (ABG) chairman Kumar Mangalam Birla had nearly two months ago offered to hand over the group’s 27.66s% stake in Vodafone Idea (VIL) to any public sector or domestic financial entity who could keep the company afloat, while asserting that without immediate government support, the telco would be driven to an irretrievable point … Read more