Vodafone Idea, ATC extend last date for subscription of the OCDs to 28 Feb | Mint
Vodafone Idea, ATC extend last date for subscription of the OCDs to 28 Feb
1 min Update: December 10, 2022 07:30 IST editing: JYOTI BANTHIA
- Vi l-proposed mobile tower supply company ATC Telecom Infrastructure’s ₹ 1. 600CroRE securities issued expired
Agreement between Vodafon Idia and American Tower Corporation (ATC) to extend The final underwriting date of a voluntary conversion bond (OCD) equivalent to 1, 600 Krone will be on February 28, 2023.
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“We are informed that the Company and ATC have extended the final date mutually. for subscription In particular, the approval of the Company’s shareholders, the Indian government will be satisfied with a certain prerequisite, such as the change to the company’s stock of the AdjustedCleared Revenue and Spectrum debt to our shares. “It is described in the document.
A few days ago, a telecommunications company announced that the issuance of bonds equivalent to 1. 600CroRE of ATC Telecom Infrastructure, a mobile tower vendor proposed by Vodafone IDEA (Vil), has expired.
Last month, Vodafone IDEA shareholders gave priority to ATC Telecom Infrastructure priority to ₹ 1. 600CroR E-equivalent bonds (OCD), and turned into shares if the remaining amount was not paid within 18 months.・ I have approved to solve vendor debt.
The telecom plan includes 16, 000 voluntary uncashed, unacconnected, and no n-quoted securities, and was sold in one or multiple transsexes per 10 lakh. The bonds are paid every 18 months, every six months at an annual interest rate of 11. 2%, and can be converted to shares per share.
Currently, Vodafone IDEA is estimated to have more than 3, 000 crone in ATC and over 7, 000 crone in the world’s largest tower provider, Indus Towers.