Secondary Issues

Vodafone Idea plans to raise Rs.7,000-Cr via QIP

Business Standard  

Telecom player Vodafone Idea Ltd (VIL), a joint venture between the Aditya Birla group and Vodafone Plc of the UK, is planning a qualified institutional placement (QIP) of shares to raise INR 7,000 crore to meet its funding requirements. The firm is also exploring other fundraising options, including convertible debentures.

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