Vodafone Idea board to meet to consider fundraising proposal

Telecom operator Vodafone Idea (VIL) on Thursday said its board will meet on February 27 to consider fundraising proposals.

In a statutory filing, VIL said the board of directors will consider and evaluate all proposals for “raising of funds in one or more tranches by way of a rights issue, further public offer, private placement including preferential allotment, qualified institutions placement or through any other permissible mode and/or combination”.

The fundraising could be through equity or debt instruments, the BSE filing said.

The capital raise could be by way of issue of equity shares or by way of any instruments including “securities convertible into equity shares, Global Depository Receipts,