Buyer’s details were not available immediately. VI shares BSE on Tuesday at BSE, 69.6969%. Closed at 6.78. At the time of the press, V and Ericsson India did not answer ET questions.
Ericsson stake Nokia Solutions and Networks India Pvt. Limited sold a 0.95% stake in VI in late April, with Goldum Sach NS SH SH SH SH SHS raised by the same wholesale deal to Rs 785.67 crore. Nokia Solutions and Networks India sold 102.7 crore shares in VI at 7.65.
Last year, VA allotted 63.37 crore shares to Ericsson through a preferential issue of Rs 14.80 to clear the rest of its part (read: Rs 938 crore). Similarly, he also allocated 102.7 crore equity shares to Nokia on a share of Rs 14.80 to clear the remaining half of the Finnish Network Solutions Major (Read: 1,520 crore).
This exercise is Rs. It was part of the plan to increase by 2,458 crore.
As a result, Nokia Solutions and Networks India and Ericsson India achieved 1.47% and 0.9% in VI, respectively, which is post -equity shares.
“But after the government recently increased its holding in VI to 49%, the innings of Nokia and Ericsson fell down 0.95% and 0.6% in the shade respectively,” the person aware of the details.
The government recently spent Rs. 36,950 crore was converted into equity shares, which made it 49% of the previous 22.6% in Telco. Conversion will reduce the statutory responsibilities of VI and are set to provide some cash flow relief in the next three years.
(Now you can subscribe to our Etmarkets WhatsApp channel)
