Vodafone Idea starts funds search for paying AGR dues

Vodafone Idea, which faces an uphill task of meeting the Supreme Court verdict on adjusted gross revenues (AGR), will consider various fund raising options at a board meet on September 4.

In a late evening filing with the stock exchanges on Tuesday, the telco said the board at the meeting will “consider and evaluate proposals to raise funds in one or more tranches by way of a public issue, preferential allotment, private placement, including a qualified institutions placement, or through any other permissible mode and/or combination thereof…by way of issue of equity shares or by way of issue of any instruments’’.