Vodafone Idea climbs on reports of fresh promoter-led capital infusion
Mumbai, May 13 -- According to reports, the proposed capital infusion is aimed at strengthening lender and investor confidence. The company is also pursuing broader fundraising plans to support network expansion and operational requirements.
The development comes shortly after Birla returned as non-executive chairman of Vodafone Idea following recent relief on adjusted gross revenue (AGR) dues. The Department of Telecommunications (DoT) finalized the company's AGR dues at Rs 64,046 crore as on 31 December 2025, significantly lower than the previously frozen amount of Rs 87,695 crore.
Market participants viewed Birla's return and the expected equity infusion as a confidence-building measure to support ongoing lender negotiations. Reports...
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