Voda Idea may consider raising fresh funds to bolster its books
Mumbai: Vodafone Idea (Vi) Tuesday said its board will consider a fundraising proposal on May 16, as the debt-laden telecom operator seeks to bolster its balance sheet to continue operations and battle bigger rivals Reliance Jio and Bharti Airtel.
The company said in a regulatory filing that it would look to raise the fresh capital through an issuance of equity shares and/or warrants on a preferential basis.
