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Govt intervention a must for Vi's survival; co faces cash shortfall of ₹84,000 cr till FY32: Brokerages livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Vodafone Idea Ltd (Vi) proposes to infuse a total equity of ₹14,000 crore in the near term as part of its business revival plan, said people with knowledge of ongoing discussions. This will see existing promoters Aditya Birla Group (ABG) and UKs Vodafone Group Plc infuse half the overall amount, they said. ....
Vodafone Idea is planning to infuse a total equity of Rs 14,000 crore, with Aditya Birla Group and UK s Vodafone Group contributing half of the amount, as part of its business revival plan. ABG and Vodafone Group are expected to invest Rs 2,000 crore as fresh equity while working to raise another Rs 7,000 crore from external investors. ....
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