new Delhi. Telecom company V ie Vodafone Idea, facing economic crises, may get big investment soon. American investment company Oaktree Capital and and Verde Partners Partners can invest between Rs 2–2.5 billion in Indian Rupees, ranging from 15,000 crores to 18,500 crores per Indian rupee. According to foreign media reports, this investment can be done through hybrid debt papers. After this news, Vodafone Idea shares are seeing tremendous boom.
Investment of 18 thousand crores
According to foreign media report, VK Indian business is expected to get a huge fund of Rs 15 thousand crore to Rs 18 thousand crore. American company Oaktree Capital Vodafone Idea is preparing a plan to invest 15 to 18 thousand crores. Earlier, V has said that it is trying to raise 25 thousand crores from the sale of shares and debt. For this, the company is in talks with many investors.
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V has direct competition with Jio and Airtel. Both have tremendous funding. In such a situation, the challenges for V have increased. V is going to need more funds. Keeping this in mind, Vee’s conversation is going on with another American company, Verizon Communications. Work is underway to prepare an investment plan of about $ 4 billion. Amazon’s involvement in this deal with Verizon is also being revealed.
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Shares rose more than four percent
When this investment came to light, more than 4 percent of the shares of V started to trade. Today, the company’s stock reached an all-time high of Rs 9.70. While the company stock opened at Rs 9.60. Whereas on Thursday, the company’s stock closed at Rs 9.27. Currently, the company’s stock is trading up 3 per cent at Rs 9.53.
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