Vodafone Idea board agrees to raise Rs 25,000 cr through share sale, debt

The fund raising will help the company to get its finances back on track as it takes several steps to cut operational costs

Vodafone Idea on Friday decided to raise up to Rs 25,000 crore by way of share sale and debt from new investors even as its UK parent has planned to stay aloof.

A spokesperson for Vodafone plc said: “Our position has not changed.

Vodafone Group does not intend to put any equity into Vodafone Idea.”

Vodafone Idea is owned by Vodafone plc and the Aditya Birla group (ABG).

In a meeting here, the board of directors of the company decided to raise the funds via equity share sale of up to Rs 15,000 crore and another tranche of up to