Vodafone Idea Promoter Holdings to Fall post Fundraise
Vodafone Idea (Vi), the third-largest telecom operator in India, has been eyeing to raise funds for several years. On April 2, 2024, Vi took votes from its shareholders to go ahead with Rs 20,000 crore fundraising through equity. The telco's CEO (Chief Executive Officer) of Vi, Akshaya Moondra, said that post fundraising, the promoter shareholding in Vodafone Idea would come down to 40% from the current 50%. The CEO reassured... Read More