VIL gets shareholders' nod to raise borrowing limit, issuance of securities

Shareholders of the company, which was earlier listed as Idea Cellular, had approved a borrowing limit of Rs 25,000 crore at its AGM in September 2014

Shareholders of Vodafone Idea (VIL) have approved a slew of proposals, including raising its borrowing limit and issuance of securities of up to Rs 15,000 crore, according to a regulatory filing.

The shareholders' nod came at the company's Annual General Meeting (AGM) held on Wednesday, where various proposals -- expected to enable the troubled telecom operator to pay statutory dues and stay afloat -- were put up for voting.

A special resolution for increasing the borrowing powers of the company was cleared with 99.8 per cent votes, while another relating to issuance of equity securities for up to Rs 15,000 crore received