Vodafone Idea share price closes 6% higher after fundraise move; stock up nearly 100% in under four months

Telecom major Vodafone Idea share price closed higher for the second straight session on Friday, December 19, rallying 6% to ₹12 apiece after the company announced that it raised ₹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.