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HomeBusinessIndia's Vodafone Idea approves debentures worth $195.32 million to ATC Telecom

India’s Vodafone Idea approves debentures worth $195.32 million to ATC Telecom

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BENGALURU (Reuters) – Indian telecom operator Vodafone Idea Ltd said on Tuesday it has approved preferential issue of debentures worth up to 16 billion rupees ($195.32 million) to ATC Telecom Infrastructure Pvt Ltd.

The debentures are convertible into shares at 10 rupees a piece to ATC Telecom, Vodafone Idea said in a stock exchange filing.

($1 = 81.9180 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Vinay Dwivedi)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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