Vodafone Idea Share Price and Debt Funding Updates from Analyst Call
Vodafone Idea Debt Funding Announcement
The management of Vodafone Idea Ltd. on Monday shared critical updates in an analyst call regarding their efforts in debt funding. They are in advanced stages of raising ₹35,000 crore from lenders, projected to be completed within the next seven to eight weeks. This funding is in addition to the ₹18,000 crore procured earlier this year through a Follow-On Public Offer, complemented by issuing preferential shares to promoters.
Discussion on AGR Dues
Vodafone Idea's CEO Akshaya Moondra emphasized during the call that the company is actively engaging with the government regarding potential solutions for the pending AGR dues. The government's request for a comprehensive package detailing the company's requirements highlights the urgency of their discussions.
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