Vodafone Idea reworking business plans after govt reforms’ boost

Vodafone Idea (Vi) is working on a fresh business plan that could alter its funding requirements.

Addressing shareholder queries at the company’s annual general meeting (AGM) on Wednesday, Vi Chairman Himanshu Kapania said the exact amount will be worked out upon submission of a new business plan.

“The management is working on a new business plan and will come to the board with the funding requirements,” Kapania told shareholders in his first AGM as chairman.

Last September, the company announced plans to raise Rs 25,000 crore through a mix of debt and equity, but the plan remained stuck due to investor concerns.