Vodafone Idea shares jump 2% after ₹3,300 crore fundraise plan via NCDs by subsidiary
Vodafone Idea shares jumped 1.9% to their day’s high of ₹11.53 on the BSE on Friday, December 19, after the telecom company announced a successful ₹3,300 crore fundraise through the issuance of Non-Convertible Debentures (NCDs) by its subsidiary Vodafone Idea Telecom Infrastructure Limited (VITIL).
“Vi (Vodafone Idea) today announced the successful fundraise of ₹3,300 crore through the issuance of unlisted, unrated, secured Non-Convertible Debentures (NCDs), issued by Vodafone Idea Telecom Infrastructure Limited (VITIL), its subsidiary entity,” the company said in an exchange filing.
