VIL board to consider up to Rs 500 crore fundraising from Vodafone Group
By
Biju Kumar
Debt-ridden Vodafone Idea’s board is scheduled to meet on June 22 to consider a proposal for raising funds to the tune of Rs 500 crore from Vodafone Group.
The fundraising will be through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the promoters of the company).