Government Clears Vodafone Idea’s FDI Proposal Ahead of Rs 25,000 Crore Fundraising
The government on Thursday cleared an FDI proposal of telecom giant Vodafone Idea Limited (VIL) ahead of its proposed fundraising up to Rs 25,000 crore rights issue. "The Cabinet has approved the proposal of Vodafone Idea Ltd, which had proposed foreign direct investment (FDI) of more than Rs 5,000 crore which may extend up to Rs 25,000 crore," Finance Minister Arun Jaitley said after announcing the decisions taken by the... Read More