Vodafone Idea board to weigh fundraise through equity after AGR relief

Vodafone Idea on Tuesday said its board will meet to consider a proposal to raise funds through the issuance of equity shares and/or warrants on a preferential basis, subject to regulatory and shareholder approvals.

The proposed fundraising comes at a time when investor sentiment around the company has improved sharply following a series of developments that eased concerns around its long-standing balance sheet stress and capital raising ability.