 "Voda Idea: Fund infusion not enough; stock can dip up to 28%, say analysts")
The Rs 14,500-crore fund raise by Vodafone Idea may not be enough to bring the debt-strapped telecom major out of the woods, say analysts. The announced fund-raise, they say, remains miniscule in comparison to VIL’s debt and it needs to further raise significant capital to repay existing dues.
"We note recent events such as converting interest on deferred liabilities into equity—Rs 16,000 crore of equity for 35.8 per cent equity (yet to be approved by DoT), the stake sale by Vodafone PLC in Indus Towers, and announced capital raise will provide some respite to VIL, but a long and arduous
