Talks on to close equity funding first, says Vi CEO
Financial Express Mumbai|October 31, 2023
VODAFONE IDEA CEO Akshaya Moondra on Monday said the company is currently focusing on tie-up equity investments first, which is expected to be concluded in the next two months.
JATIN GROVER New Delhi, October 30
Talks on to close equity funding first, says Vi CEO

Basis the equity funding conclusion, banks will lend to the company, Moondra said at the company's post-earnings call.

Comments from Moondra on first concluding equity funding comes a few days after Kumar Mangalam Birla, chairman of Aditya Birla Group, which is one of the promoter group of the company, said the telecom operatorwill make significant investments in the upcoming quarters for the rollout of its 5G network as well as expanding its existing 4G coverage.

This also gives a hint that the company's equity funding might come from the promoters with some strategic investors coming on board. Moondra, however, did not comment on the funding arrangement.

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