Vodafone Concept Board to Meet for Fundraising Dialogue on October 21

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Vodafone Concept, the third-largest telecom operator in India, knowledgeable the inventory exchanges on Tuesday that its board would meet on October 21, 2022, for fundraising discussions. The discover from Vi stated that the board would focus on the issuance of debenture securities convertible into fairness shares on a preferential/non-public placement foundation to a vendor.

This might be one more occasion of Vi’s board assembly to debate fundraising in the previous few years. The one difficulty is that the telco has not been capable of increase funds from exterior traders by way of both debt or fairness for the longest time now. The belief in Vi could be very low in the meanwhile because the telco already has a ton of debt on its shoulders.



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