Vi fundraising will complete in 8 weeks, says CEO Moondra

NEW DELHI: Vodafone Idea (Vi) on Monday announced that the company’s ongoing efforts to raise debt funding are expected to conclude in the next two months.

Vi chief executive Akshaya Moondra, during an analyst call, mentioned that Vi has begun fresh dialogue with the government regarding the adjusted gross revenue (AGR) dues issue following the Supreme Court’s order.

Last week, the apex court dismissed the telecom service providers’ petitions seeking a re-computation of their AGR dues. The court’s decision will require Vi to pay Rs 70,000 crore to the government as AGR.