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Vodafone Idea Ltd (Vi) is reportedly proposing a significant equity infusion of ₹14,000 crore as part of its business revival plan.
According to an Economic Times report, the plan includes contributions from the company’s existing promoters, Aditya Birla Group (ABG) and Vodafone Group Plc.
ABG and Vodafone Group will invest 2,000 crore in new equity, bringing the promoters’ total investment to 5,000 crore since the government’s telecom revival package was announced in September 2021.
The promoters will work with the company to raise an additional 7,000 crore from external investors, either through direct equity or convertible structures, as outlined in the plan submitted to the government.
