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Vodafone Idea board approves ₹1,600 cr debentures to ATC Telecom Infra

John

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Vodafone Idea has received board of directors approval for issuing Indian rupee-denominated debentures to ATC Telecom Infrastructure aggregating to ₹1,600 crore. The debentures will be issued in one or more tranches on a preferential basis. The funds raised will be used to pay ATC amounts owed to ATC by Vodafone Idea under the master lease agreements and general corporate purposes.

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