Birla bought 1.86 crore shares in Vi on September 6, according to data available on the National Stock Exchange. Birla’s investment vehicle Pilani Investment and Industries Corporation also bought 3 million shares of the operator on the same day.
Vi’s share on September 6 was Rs. 14.74 per unit and opened at Rs. Closed at 13.35. However, the purchase price of the above deal was not available.
But on September 6 closing price for Birla was Rs. 24.8 crore and for Pilani Investment and Industries Rs. 4 crore will be purchased.
Shares of Vodafone Idea rose 2.88% on Tuesday to Rs. It closed at 13.58.
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ET reported on Tuesday that in recent weeks, Vi had approached state-owned lenders Power Finance Corporation (PFC) and REC Ltd for loans to meet medium-term funding requirements.
The telco is also discussing partial funding of its requirements with State Bank of India, which may lead a consortium of lenders to meet the bulk of the funding.
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