Vodafone Idea touches lower circuit as board approves raising funds; Here’s all you need to know – Market News

Vodafone Idea touches lower circuit as board approves raising funds; Here’s all you need to know – Market News

Shares of Vodafone Idea fell 10% to hit a lower circuit of Rs 14.30 after the company’s board approved raising Rs 45,000 crore through a combination of debt and equity.  On February 27, the company’s board approved to raise funds through equity and equity-linked instruments up to Rs 20,000. Further, the company is also mulling …

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Zee will sue Sony; promoter family to hike holding in Zee by 5 per cent, says Subhash Chandra

Zee will sue Sony; promoter family to hike holding in Zee by 5 per cent, says Subhash Chandra

Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises, has alleged that Sony intentionally prevented a merger despite the Zee promoters’ offer – during extended negotiations – to have Punit Goenka step aside from the chief executive’s post. Chandra said Zee intends to sue the Japanese company for damages. The Zee founder also told Vinod Mahanta …

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