Will get funding from rights issue, monetisation of assets says Vodafone

NEW DELHI: Vodafone Idea, the country’s largest telco by subscribers, on Wednesday said that it will meet its funding requirements as well as other possible capital infusion plans through its Rs 25,000-crore rights issue, which closes today.

“We are raising capital via this rights issue, further monetisation of our stake in Indus Towers will add to the liquidity. We believe that these, along with the cash flows from our operations, will be sufficient to meet our funding for the foreseeable future. Additionally, we also have the option to monetise our fibre assets,” Akshaya Moondra, Chief Financial Officer, Vodafone Idea Ltd said.