New Delhi, Dec. 19 -- Telecom major Vodafone Idea share price closed higher for the second straight session on Friday, December 19, rallying 6% to Rs.12 apiece after the company announced that it raised Rs.3,300 crore through secured non-convertible debentures (NCDs), which is expected to support the company's capital expenditure programme and business growth.

The fundraise was carried out through Vodafone Idea Telecom Infrastructure Ltd (VITIL), a subsidiary of Vodafone Idea. Interest in the issue from large non-banking financial companies, foreign portfolio investors, and alternative investment funds exceeded the NCD issuance, the company said in its Wednesday filing.

This fundraise came just eight weeks after the financially stressed...