Voda Idea in ‘highly stressed situation’, but won’t infuse more equity: Vodafone CEO Read

Vodafone Group, co-parent of Vodafone Idea (Vi), will not infuse anymore equity in the loss-making Indian telco which has been desperately trying to raise funds and stay afloat.

Vodafone Group CEO Nick Read in a July 23 analyst call, said that Vi is navigating through difficult times and although the group is providing “practical support”, it will not invest fresh equity.