September 3, 2020

Stocks In News - Vodafone

 

FII

  • Vodafone Idea reports indicated that US wireless carrier Verizon Communications Inc and Amazon may invest more than $4 billion for a stake in India's Vodafone Idea Ltd.
  • The company has been under immense pressure related to the AGR dues. On September 1, the Supreme Court allowed telecom players a 10-year timeline to pay adjusted gross revenue (AGR) dues. 
  • The apex court also asked the companies to make an upfront payment of 10 % of the outstanding amount.

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