Vi gets board nod to raise ₹2,075 cr
Financial Express Mumbai|April 07, 2024
ADITYA BIRLA GROUP TO INFUSE FUNDS ● Move part of company plans to lower debt burden
Vi gets board nod to raise ₹2,075 cr

DEBT-RIDDEN VODAFONE IDEA on Saturday said its board has approved raising of ₹2,075 crore from one of its promoters, Aditya Birla Group, and increasing its authorised share capital to ₹1 trillion. The approvals are part of the company's plans to raise ₹20,000 crore of capital to fund its operations and lower its debt burden.

The company will seek shareholders' approval at an extraordinary general meeting on May 8 on the proposals, it said in a regulatory filing.

The promoter's infusion is part of Vodafone Idea's broader two-part fundraising plan totalling ₹45,000 crore through a mix of equity and debt. It plans to raise ₹20,000 crore via equity by June-end, and follow that up with around ₹25,000 crore from lenders.

この記事は Financial Express Mumbai の April 07, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Mumbai の April 07, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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