VI seeing a decline

On February 28, Vodafone Idea’s stocks were in decline as the company’s board of directors, facing financial challenges, opted to raise funds amounting to Rs 45,000 crore. The plan involves gathering Rs 20,000 crore through a mix of equity or equity-linked tools and the remaining amount through debt. The company also mentioned that its promoters would take part in this fundraising effort. A shareholders’ meeting is scheduled for April 2, and upon receiving their approval, the company aims to finish the equity fundraising in the upcoming quarter.