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<\/span><\/figcaption><\/figure>The Vodafone Idea<\/a> (Vi) board has approved the planned preferential issue of optionally convertible debentures (OCDs<\/a>) to US-based American Tower Corp<\/a> (ATC<\/a>), after the telco missed the deadline for the same for a second time earlier in the month.

\"Vodafone Idea Limited, at its meeting held today i.e. 31 January, 2023, has again approved Preferential Issuance of upto 16000 Indian Rupee denominated optionally convertible, unsecured, unrated and unlisted debentures having a face value of Rs. 10,00,000 each, in one or more tranches, aggregating upto Rs.1600 crores, convertible into equity shares at a conversion price of Rs. 10\/- per equity share, to ATC, a non-promoter of the Company quote,\" the telco informed the Bombay Stock Exchange.

It added that an extra ordinary general meeting will be convened on February 25 for the purpose of seeking approval of shareholders on the matter.

The Vodafone Idea stock closed at Rs 7.07, 4.12% up at the end of trading on Tuesday, after a rally on Monday in anticipation of the January 31 board meeting.

The filing to the exchanges came after trading hours.

On January 26, the cash-strapped telco had told exchanges that its board would meet on January 31 to reset the timeline for the issuance of OCDs to ATC.

Vi had failed to conclude the issuance twice due to delay at the government end to convert the telco's Rs 16,130-crore accrued interest on deferred adjusted gross revenue (AGR)-related dues into equity.

\"Data<\/a><\/figure>

Data consumption set to rise 10%-15% sequentially in June quarter: Analysts<\/a><\/h2>

They added that the estimated surge in mobile data usage during the IPL is also likely to hasten 5G adoption and boost appetite for mobile internet services in rural India where television penetration is relatively modest.<\/p><\/div>

\"\"
<\/span><\/figcaption><\/figure>The Vodafone Idea<\/a> (Vi) board has approved the planned preferential issue of optionally convertible debentures (OCDs<\/a>) to US-based American Tower Corp<\/a> (ATC<\/a>), after the telco missed the deadline for the same for a second time earlier in the month.

\"Vodafone Idea Limited, at its meeting held today i.e. 31 January, 2023, has again approved Preferential Issuance of upto 16000 Indian Rupee denominated optionally convertible, unsecured, unrated and unlisted debentures having a face value of Rs. 10,00,000 each, in one or more tranches, aggregating upto Rs.1600 crores, convertible into equity shares at a conversion price of Rs. 10\/- per equity share, to ATC, a non-promoter of the Company quote,\" the telco informed the Bombay Stock Exchange.

It added that an extra ordinary general meeting will be convened on February 25 for the purpose of seeking approval of shareholders on the matter.

The Vodafone Idea stock closed at Rs 7.07, 4.12% up at the end of trading on Tuesday, after a rally on Monday in anticipation of the January 31 board meeting.

The filing to the exchanges came after trading hours.

On January 26, the cash-strapped telco had told exchanges that its board would meet on January 31 to reset the timeline for the issuance of OCDs to ATC.

Vi had failed to conclude the issuance twice due to delay at the government end to convert the telco's Rs 16,130-crore accrued interest on deferred adjusted gross revenue (AGR)-related dues into equity.

\"Data<\/a><\/figure>

Data consumption set to rise 10%-15% sequentially in June quarter: Analysts<\/a><\/h2>

They added that the estimated surge in mobile data usage during the IPL is also likely to hasten 5G adoption and boost appetite for mobile internet services in rural India where television penetration is relatively modest.<\/p><\/div>