Voda Idea gains 10% on board nod to raise Rs 25,000 crore via shares, debt

Meanwhile, the telecom major has also unveiled new brand identity 'Vi'

Shares of Vodafone Idea (VIL) rose as much as 10 per cent to Rs 13.21 on the BSE on Monday after the company’s board approved fund raising by up to Rs 25,000 crore by way of share sale and debt.

After market hours on Friday, VIL had announced a fund raising of Rs 15,000 crore of equity and debt instruments each with aggregate quantum capped at Rs 25,000 crore. VIL is owned by Vodafone plc and the Aditya Birla group.

Meanwhile, the telecom major today announced its rebranding with a new brand called “Vi” (read as “We”). “The