Vodafone Plc

Rs 890 crore has been used to 'fully repay outstanding borrowings to Vodafone's existing lenders, secured against Vodafone's Indian assets and settle transaction fees', says Vodafone Plc

Indus Towers stock soars 5% after UK's Vodafone Group Plc exits via Rs 2,802 crore block deal

Vodafone Group Plc had announced plans to completely exit Indus Towers by offloading its remaining 3 percent stake in the company.

Vodafone Idea to consider up to Rs 2,000 crore fund raise on December 9 through a preferential issue to promoter group

The shares of Voda Idea will be in focus after Vodafone Plc announced plans to offload shares worth Rs 2,700 crore in a block trade on December 5.

Vodafone Group Plc to offload Indus Towers stake via Rs 2,700 crore block trade at a slight discount

Kotak and BofA are learnt to be the brokers for the share sale by Vodafone Group Plc's units Omega Telecom and Usha Martin Telematics. Bharti Airtel, the other promoter entity holds 50% in the company.

Vodafone Group planning to invest up to Rs 3,000 cr in Vodafone Idea after Indus stake sales

The British telecom company's plan to invest in Vodafone Idea follows the Indian telco's successful Rs 18,000-crore follow-on public offering in April

Why did Vodafone Group sell 18% stake in Indus Towers now?

'Vodafone has been negotiating with the lenders for an extension for the repayment deadline while simultaneously also trying to refinance a large outstanding loan for which it had received an ultimatum from lenders,' sources told Moneycontrol.

Norges Group, Millennium Funds among foreign buyers of Indus Towers Stake

According to stock exchange data, Bharti Airtel bought 2.69 crore shares at a price of Rs 320 per share, and SBI Mutual Fund bought 3.58 crore shares, while Ghisallo Capital Management bought 1.98 crore shares, and Authum Investment bought 1.49 crore shares.

Indus Towers block deal: Rs 17,065 crore equity sold as Vodafone Group offloads stake

Shortly after the block deal, Bharti Airtel announced buying a 1 percent chunk of Indus Towers. Apart from the telecom operator, investment firms like I Squared Capital and Stonepeak were also reportedly eyeing Vodafone's stake in the mobile tower game.

India asks US court to reject Cairn's $1.2 billion suit

Cairn had in May asked a US federal court to force Air India to pay a $1.26 billion arbitration award the firm had won in December. The government on August 13 filed a 'Motion to Dismiss' petition in the US District Court for the District of Colombia, saying it lacked subject matter jurisdiction in the dispute between Cairn and the Indian tax authority.

Cairn Energy tax row | India asks state banks to withdraw cash held abroad over Cairn dispute: Report

Cairn was awarded damages of more than $1.2 billion plus interest and costs in December in a long drawn-out tussle with the Indian government over its retrospective tax claims.

Vodafone-Idea merger Live: Kumar Birla sees 'great business sense' to deal

Track the latest developments from the Vodafone-Idea merger here.

Masayoshi Son's Softbank may invest in Voda-Idea merged entity

With the mega-merger between Idea Cellular and Vodafone gaining ground, there is news that both the companies may look to sell 15-20 percent of the merged entity to financial investors and that the investor could well be Softbank.

Vodafone in merger talks with Idea; three hurdles deal may face

Vodafone Plc said that any merger would be effected through issue of new shares in Idea to Vodafone.

Vodafone India may get $5 bn from UK parent: Sources

UK based telecom giant Vodafone Plc is expected to announce a huge fund infusion to the tune of USD 5 billion in its Indian arm, reports CNBC-TV18‘s Nisha poddar quoting sources.

Vodafone Plc may divest 10% in Indian arm via IPO

Vodafone Plc is likely to be in discussion with leading merchant bankers and might finalise on 6 bankers by the first quarter of next calendar year.

After Tata, former Vodafone chief Arun Sarin invests in Ola

Ola seems to be the pick of the season as Arun Sarin's investment is the second fund-raisal of its kind after Ratan Tata, the chairman Emeritus of Tata sons, invested in the app based taxi aggregator.

Excl: Vodafone India planning mega IPO early next year

Vodafone Group Plc has appointed NM Rothschild to work on the contours of a public listing, which is expected to be among the largest ever in India at USD 3-4 billion.

India sales bolster Vodafone Plc's quarterly update

The Vodafone Group‘s service revenues fell 4.8 percent year-on-year to 9.85 billion euros, thanks to revenue de-growth of 9.6 percent in its European market even as its growth in its Africa, Middle-East and Asia Pacific (AMAP) region, of which India is a part, grew 5.5 percent.

India asks IBM to pay $866 mn in outstanding tax: Reports

In an emailed statement, an IBM India spokeswoman confirmed the company had received a tax notice, but declined to comment on the amount of tax liability or the nature of the notice.

Vodafone PLC likely to be sole collaborator in Indian unit

CNBC-TV18‘s Nayantara Rai reports that Vodafone PLC has told the FIPB that it will be the sole foreign collaborator in Vodafone India, once the proposed deal to hike 100 percent stake goes through.

Interested to play a role in consolidation: Vodafone

Telecom Minister Kapil Sibal had previously stated that merger up to 35 percent market share of the resultant entity will be allowed through a simple and quick procedure but there may be a need to consider cases of merger beyond 35 percent.

Cabinet approves conciliation on Vodafone tax demand

Sources say the conciliation will be under part III of the Arbitration and Conciliation Act.

Vodafone seeks amicable resolution to tax dispute with GoI

Vodafone Plc is actively looking at solving the tax dispute the Government of India through an amicable resolution. CNBC-TV18's Kritika Saxena reports.

Essar to sell 11% stake in Vodafone JV for $1.26bn

Vodafone and Essar today announced the agreement for the sale of the latter’s stake in their Indian joint venture Vodafone Essar. The Ruias will walk away with a cool USD 4.5 billion and Vodafone PLC will make a USD 880 million tax payment as part of the transaction.

Bombay High Court defers Vodafone tax case hearing

The Bombay High Court on Tuesday deferred a hearing on Vodafone Plc's dispute with the Indian tax office, a spokesman for Vodafone said.