Vodafone Idea looks to raise about $2 billion in equity funding

The prospective fundraise will also include $4 billion through debt over the next 18 months.

Embattled telecom operator Vodafone Idea is looking to raise about $2 billion through an equity infusion, according to two people in the know, who requested anonymity.

“The talks are on to raise this amount. The company has been speaking to some of the marquee investors in India and across the globe for the prospective fundraise,” says one of the two people cited above. 

Vodafone Idea did not respond to questions sent on Wednesday. This news brief will be updated as and when the company responds.

The timeline set for the fundraise is 18 months, says the first person quoted above. …


Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

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