- Vodafone Idea is likely to receive a capital infusion of at least $1 billion from various sources, including Aditya Birla Group entities, bank funding, and overseas investors. Advanced-stage discussions are ongoing, and the capital injection could be completed within a month.
- The funding from banks may come in the form of debt and loans as Vodafone Idea has been facing financial challenges.
- Earlier, a promoter group entity had committed to providing Rs 2,000 crore in funding to Vodafone Idea if needed.
- Earlier in the month, CLSA assigned a ‘Sell’ rating to the stock with a target price of Rs 7. The telecom sector stock has shown a 7% increase in the last six months but has gained 58.28% in the past three years.