Vodafone Idea to meet institutional investors in Singapore, Mumbai

Vodafone Idea (Vi) executives will be in a huddle with institutional investors in Singapore on Wednesday in their bid to raise funds for the cash-strapped firm. Similar meetings are lined up in Mumbai on Thursday and Friday, the company said in an exchange filing.

The company said no unpublished price sensitive information (UPSI) is proposed to be shared by it during the investor meetings, which will be both — one-to-one and group.

Last month, Vi’s board had approved a Rs 45,000-crore fundraising plan, through both equity and debt. This included a Rs 20,000 crore equity-based fund raise from existing investors.