Vodafone Idea shares rise sharply ahead of Tuesday's board meeting
Telecom operator Vodafone Idea shares rose sharply on Monday amid otherwise subdued market sentiment.
However, at the time of writing this report, they have made some gains to trade at Rs 6.80 per share, up 6.25 percent. Since the start of 2023, the stock has fallen massively by more than 16 percent.
On Thursday, it informed the stock market through an official notice that its board will meet on 31 January 2023 to approve the preferential issue of voluntary convertible bonds (OCD) to shareholders of ATC Telecom Infrastructure Private Limited
Vodafone on 21.11. Idea has reportedly agreed to issue Rs 1,600 crore OCD to ATC Telecom Infrastructure to get preferential treatment in payment of dues.