Vodafone UK may offer Rs 2,000 crore equity topup to Vodafone Idea

Kolkata: UK’s Vodafone Group Plc may infuse Rs 2,000 crore equity into Vodafone Idea (Vi) out of the proceeds of a likely sale of its balance 3.1% holding in Indus Towers, said analysts who added that this may be used to clear a portion of the Indian telco’s dues to the tower company.

Vi may also make more substantial payments to Indus towards cutting its dues after the telco raises debt of Rs 23,000-25,000 crore through term loans as planned, they added.