Vodafone Ideaâs board approves â¹25,000-crore fundraise
The country's largest telecom operator Vodafone Idea on Wednesday said its board has approved a rights issue of around â¹25,000 crore. The company added that promoters Vodafone Group and Aditya Birla Group will contribute â¹11,000 crore and â¹7,250 crore, respectively. The move is reportedly aimed at trimming the company's debt of over â¹1.26 lakh crore.