VIL board to consider up to Rs 500 cr fundraising from Voda Group

Vodafone Idea’s (VIL) board is scheduled to meet on June 22 to consider a proposal to raise Rs 500 crore from one of the entities of Vodafone Group. The promoters of VIL (Vodafone Group and Aditya Birla Group) had infused Rs 4,500 crore into the company in March. The company had announced a Rs 25,000-crore fundraising exercise, of which Rs 5,000 crore will be from the promoters while the remaining Rs 20,000 crore will come from lenders and investors.