DoT floats cabinet note on Voda Idea’s FDI proposal ahead of ₹25,000 cr rights issue

NEW DELHI: The telecom department has floated a cabinet note on proposed foreign fund infusion plans by India’s largest telecom operator Vodafone Idea Ltd, which is planning up to ₹25,000 crore rights issue, according to a source.

A telecom department official privy to the development said that the proposal is likely to be taken up by the Cabinet soon.

The official noted that a cabinet note has already been circulated on the FDI proposal linked to the proposed rights issue of the company.