Vodafone Idea subsidiary raises ₹3,300 cr via NCDs
pre-market1 source ↓written by the desknot a recommendation
- through secured non-convertible
- ₹3,300 cr
Vodafone Idea's subsidiary, Vodafone Idea Telecom Infrastructure Limited, raised ₹3,300 cr through secured non-convertible debentures (NCDs). The funds will be used to repay obligations to Vodafone Idea and enhance capital expenditure to support growth. This move reflects investor confidence in the company's long-term strategy, as stated by CEO Abhijit Kishore.
Not investment advice. For informational purposes only.