Vodafone Idea eyes share issue to Nokia, Ericsson for debt settlement.

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  • Additional Information
    • Subject Terms:
      NOKIA Corp.; TELEFON AB L.M. Ericsson
    • Abstract:
      Vodafone Idea, a telecommunications company in India, is considering issuing additional shares to Nokia and Ericsson in order to settle its outstanding debts. The company plans to raise up to Rs 2,458 crore through a preferential share allocation, with Rs 1,140 crore allocated to Nokia, Rs 703.5 crore allocated to Ericsson, and the remaining Rs 614.5 crore designated for general corporate purposes. In other news, the Indian Ministry of Electronics & Information Technology has warned Microsoft Edge users about multiple vulnerabilities in the app that could allow hackers to gain access to systems. Users are urged to update to version 125.0.2535.85 to address these vulnerabilities. [Extracted from the article]
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