Vodafone Thought points clarification on stories of Amazon’s funding

Vodafone Thought (Vi) on Wednesday issued clarification on stories of the telecom agency being in talks with Amazon, non-public fairness companies (PEs) for 20,000 crore funding within the firm, saying that there isn’t any proposal at present reported as by the media that’s being thought-about by the board.

The board of administrators at its assembly held on 4 September 2020, had accepted elevating of funds upto an mixture quantity of 25,000 crore, the intimation of which was already filed with the inventory exchanges on the identical date.

The corporate stated its retains exploring varied alternatives and choices to lift funds inside the authorizations given by the board. As and when such proposals are thought-about by the board of administrators of the corporate that warrant disclosures, the corporate complies with the disclosure obligations underneath the SEBI, it stated.

“At present, there isn’t any proposal as reported by the media that’s being thought-about by the Board. We want to reiterate and make clear that the Firm will adjust to SEBI Itemizing Rules and duly maintain the inventory exchanges knowledgeable of all the worth delicate info,” Vi added.

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