In: Finance
Pick any real world company that you've worked for or are interested in and write about what kinds of capital they have raised or are raising. (200words)
Answer:-
Let's take the company Vodafone group plc .
Vodafone group plc. is a British multinational
telecommunications conglomerate headquartered in London and has
operations mainly in Asia, Africa, Europe and
Oceania.
Vodafone group Plc is contemplating to raise $1.5 billion as a three-year loan facility from global banks to finance its operations in India through a unique structure for which the company will pledge cash flows from the local business unit and recourse it to the parent company's balance sheet or its equity shares in case of any default which will increase the risk exposure for the company and sector which is battling fierce competition with highly leveraged balance sheet. Vodafone plc is mulling an offshore orphan special purpose vehicle SPV to enter into a total return swap agreement with Vodafone plc in lieu of its economic interest with the underlying security as Vodafone Idea unit of India and Indus towers.
Vodafone has acquired idea cellular which has operations in Asia. It has raised $ 17.5 million in rights issue in order to fund for capex to match the rivals in 4G subscriber base. The company has also got shareholder approval for raising the authorized share capital of $ 35 million which will be used in infusing funds in its operations and invested in telecom towers.