As Vodafone Idea dials in again for fundraise, will the call connect this time or go unanswered?

The famous proverb – “Try Try till you succeed” – seems to be the motto of Vodafone Idea Ltd, as the cash strapped telecom operator makes yet another attempt to raise fresh equity capital.

On Thursday, the company said that its board will meet on February 27 to consider and evaluate fundraising in one or more tranches through equity instruments, including rights issue, preferential issue of shares, qualified institutional placement of shares, or a combination thereof.