Vodafone Idea subsidiary raises ₹3,300 cr via NCDs
after close1 source ↓written by the desknot a recommendation
- through secured non-convertible
- ₹3,300 cr
- at ₹11.33
- 1.8% higher
Vodafone Idea's subsidiary, Vodafone Idea Telecom Infrastructure Limited, raised ₹3,300 cr through secured non-convertible debentures (NCDs). The funds will be utilized to repay obligations to Vodafone Idea and enhance capital expenditure for business growth. This move reflects strong investor confidence in the company's long-term strategy. 📈
Vi's stock closed 1.8% higher at ₹11.33 on the BSE following the announcement.
Not investment advice. For informational purposes only.