| | JULY 20238PNB Housing Finance has received board approval to issue Rs 5000 crore in bonds to fund its business expansion.The non-convertible debentures will be issued to investors through a private placement, the company announced Thursday following the board meeting.This will be the lender's second fundraising this fiscal year, following an equity infusion of Rs 2490 crore through a rights issue of shares. In addition to bank borrowing, it intends to borrow approximately Rs 2500 crore from National Housing Bank through the latter's refinancing window.The company however has no further plans for equity expansion in the next couple of years.Its capital adequacy ratio is likely to elevate to 30 percent following the equity capital infusion. Its overall capital adequacy stood 24.4 percent at the end of March. Vodafone Idea (Vi) has concluded device testing of all major OEMs (original equipment makers) on its upcoming next-gen mobile broadband network and is in advanced talks with various network vendors to finalise its much-anticipated 5G rollout strategy, according to the company's latest annual report for FY23.Ravinder Takkar, chairman of Vodafone Idea, has restated the telco's commitment to expanding 4G coverage and delivering 5G. "The company will continue to invest in expanding 4G coverage and capacity, particularly in its 17 priority circles, and will introduce 5G services once funding is secured," Takkar stated in Vi's most recent annual report.The telecom joint venture between Vodafone Plc of the United Kingdom and Aditya Birla Group of India further stated that it is actively engaging with lenders and investors for additional funding.In its most recent annual report, Vi stated that it is striving to bring 5G services to users, and that this would be accelerated upon completion of the fundraising. "...your company established select 5G clusters in Delhi and Pune, where it collaborated with various OEMs to test the compatibility of available 5G handsets." PNB TO RAISE RS.5000 CRORE IN BONDSVODAFONE-IDEA IN TALKS WITH VENDORS TO FINALISE 5G ROLLOUTIN FOCUSIN FOCUS
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