Vodafone Idea shares in spotlight as board to consider Rs 2,000 crore fundraise from Group

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Vodafone Group is selling its remaining 3% stake in Indus Towers for approximately Rs 2,801.7 crore. A portion will settle a USD 101 million debt, while the rest will support its struggling Indian joint venture, Vodafone Idea, which plans to raise up to Rs 2,000 crore from Vodafone Group entities. Vodafone Idea’s board will evaluate the proposal.

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Vodafone Idea shares in spotlight as board to consider Rs 2,000 crore fundraise from Group

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