UK-based Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing.
Vodafone Group had pledged almost the entire stake in VIL to raise the debt.
The pledge was created in favour of HSBC Corporate Trustee Company (UK) for the debt raised by Mauritius and India-based entities of Vodafone Group.
"On 27 December 2024, HSBC Corporate Trustee Company (UK) Limited acting as the security trustee for the lenders has released the pledges pursuant to repayment of the outstanding dues owed to the lenders by the Vodafone Promoter Shareholders.
"Consequently, the indirect encumbrance on 15,720,826,860 equity shares of the target company held by the Vodafone Promoter Shareholders representing 22.56 per cent of the equity share capital of the target company on a fully diluted basis has been released," the filing said.
"Consequently, the indirect encumbrance on 15,720,826,860 equity shares o

Vodafone

Market participants said that the gross borrowing amount was higher than expected

The central government’s borrowing is expected to remain in line with the budgeted amount, with slight adjustments in the distribution across tenures, according to bond market participants. Earlier, there were expectations of a reduction in the suppl

The central government's borrowing is expected to remain in line with the budgeted amount, with slight adjustments in the distribution across tenures, according to bond market participants. Earlier, there were expectations of a reduction in the suppl

The regulator said an audit found that navigation skills of pilots were being conducted on simulators that weren't qualified for that kind of training

Akasa Air

Private life insurers dominate the segment, accounting for over Rs 10,708.4 crore, while the state-owned Life Insurance Corporation of India (LIC) contributed nearly Rs 152 crore

Term Insurance Plan

AAP national convenor Arvind Kejriwal claimed on Wednesday that Delhi Chief Minister Atishi may be arrested in a "fake" case by the central investigative agencies at the behest of the BJP.
Addressing a press conference, Kejriwal, who was flanked by Atishi, said, "We got to know from our sources that a meeting was held and investigative agencies have been ordered by the BJP to arrest CM Atishi in a fake case."
The BJP is trying to distract AAP from campaigning for assembly polls, he alleged.
"We came to know that they are preparing a fake case on Atishi in the transport department, and they want to halt the scheme of free bus rides for women," the AAP chief said.
"I will not let the scheme of free bus rides for women stop till I am alive," Kejriwal, who is out on bail in a case related to the excise policy 'scam', asserted.
He also claimed that central agencies have been instructed to conduct raids on all senior leaders of the Aam Aadmi Party (AAP) before arresting Atishi in the co

Atishi marlena, Atishi, Delhi CM, Kejriwal, Arvind Kejriwal, Manish Sisodia, Manish

Leading cement maker UltraTech has completed the acquisition of promoters a 32.72 per cent stake in India Cements Ltd, following which N Srinivasan and other promoters of the South-based cement maker have stepped down.
The Aditya Birla Group firm has completed the acquisition of 10.13 crore equity shares of India Cements Ltd (ICL), representing 32.72 per cent of the equity share capital of the company.
"This, together with the existing shareholding of 7.05 crore equity shares (22.77 per cent) of the equity share capital of ICL, has resulted in the Company's shareholding increasing to 17.19 crore equity shares representing 55.49 per cent of ICL's equity share capital," UltraTech had informed in a late-night regulatory filing on Tuesday.
Consequently, ICL "has become a subsidiary of the Company" with effect from December 24, 2024, it added.
On Wednesday, ICL informed that pursuant to the completion of the transaction and due to the consequent cessation of control by the existing ...

N. Srinivasan, Vice- Chairman & MD, India Cements

In his annual letter to employees, he highlighted conglomerate's achievements for the year

Tata, TCS, N Chandrasekharan, Rajesh Gopinath

The fourth part of the series assesses what it will take to encourage domestic manufacturing, while also being an alternative to China

The India story: Progress in manufacturing sector but key challenges remain

ChartThe India story: Progress in manufacturing sector but key challenges remain

Under Mahila Samman Yojana, AAP promises Rs 2,100 monthly allowance, and under Sanjeevani free treatment to voters above 60

Congress had demanded a funeral in a place where a memorial to Singh could be built. However, the Centre said land for a memorial would be earmarked in the next few days

Sambit Patra, sambit

Live entertainment and concerts saw a major boom in India this year with tickets selling out within minutes and concert-goers willing to cough up exorbitant money to see their favourite artistes like Ed Sheeran, Diljit Dosanjh and Dua Lipa up close.
Young audiences are driving the demand for such events and experts believe it is a new dawn for live entertainment in India.
A year-end report by BookMyShow revealed that 30,687 live events were organised across 319 cities, noting an 18 per cent increase in live entertainment consumption compared to the previous year.
According to a spokesperson of Zomato Live, the online ticketing arm of food and grocery delivery firm Zomato, India is becoming a hotspot for music concerts.
India's growing economy and passionate fanbase have made it an attractive destination for international tours. For music enthusiasts, attending a concert in India is often more convenient and cost-effective than travelling abroad.
"This shift in consumer behaviour h

Arijit Singh, Ed Sheeran collab in London

The district administration's denial of permission for the fireworks display during 'Vela Ezunnallippu', a traditional ritual, at the famed Paramekkavu and Thiruvambady temples here has sparked a row with the shrine managements viewing it as a "test dose" to destroy the iconic Thrissur Pooram.
The Additional District Magistrate (ADM) here on Friday issued an order denying permission for the fireworks display in connection with the annual ritual citing the new amendment to the union government's Explosive Rules and based on reports of various state government departments in accordance with that.
The Vela Ezunnallippu ritual and the related fireworks display of the two temples are scheduled in January first week.
In the order, the district administration stated that there is no physical circumstance to carry out the fireworks display in the area and it may pose a threat to the life and property of the public.
The opinion of concerned investigating officers that the fireworks should n

Thrissur pooram festival

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Cong damaged dignity of Dr Singh, now playing politics in his name: BJP

2024 hits the right notes: Ed Sheeran, Diljit, Dua Lipa lead concert craze

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Vodafone Group clears about Rs 11,650 cr dues raised against VIL shares

Govt plans to borrow Rs 3.9 trillion via treasury bills in Q4FY25

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