Google likely to pick 5% stake in Vodafone Idea | Sandip Sabhrawal to ET NOW
Video description:
Google plans multiple investments in India including Jio and now it is likely to pick up 5 per cent stakes in Vodafone and Idea. Sandip Subhramal shares his views to ET Now on this rumored deal. He says the investment would be incrementally positive; however, Google’s 5% stake would not help in solving debt problems which the company is facing right now. The amount involved in the company is so small that it will hardly have any impact on the crisis. 5% stake at CMP would garner only ₹ 840 Crores and the net debt to EBIDTA stands at 12.9x. Listen in to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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