PROJECT

Projects

Summary of Investment Information

Project Number

35083

Company Name

VODAFONE IDEA LIMITED

Date SPI Disclosed

Sep 11, 2014

Country

India

Region

South Asia

Projected Board Date

May 28, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Gbl Infrastructure & Natural Resources

Industry

Telecommunications and Technology

Previous Events

Approved : May 27, 2014
Signed : Jun 5, 2014
Invested : Jun 6, 2014

Sector

Mobile Telephony

Project Description

The Project consists of an equity investment of up to INR 3,893 million (approximately US$65 million) in common shares of Idea Cellular Limited (“Idea” or the “Company”), through a Qualified Institutional Placement (“QIP”) process. The proceeds of the equity investment will be used for meeting business requirements including payment towards spectrum that may be auctioned by DoT in future and for general corporate purpose (“the Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation