Vodafone Idea to soon get Rs 20,000 crore in fresh funding, says CEO

Vodafone Idea is planning to raise Rs 20,000 crore, including Rs 10,000 crore in equity and remaining as fresh loans from banks

Vodafone Idea
Premium

Vodafone Idea is 'closer than ever' in raising fresh funds, CEO Ravinder Takkar said.

BS Web Team New Delhi
Telecom operator Vodafone Idea is planning to raise Rs 20,000 crore, including Rs 10,000 crore in equity and remaining as fresh loans from banks, in fresh funding, CEO Ravinder Takkar told a newspaper. 

India's third-largest telecom operator Vi is 'closer than ever' in raising fresh funds, Takkar told The Hindu Business Line. 

“There was a list of 8-10 things in our investors’ minds, stating that if these criteria are fulfilled, we will put in the funds. We have never been closer to fulfilling this checklist, either it is already done or close to being done," Takkar told the newspaper. 

The

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 23 2022 | 8:35 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com