Vi board to consider Rs 2K crore preferential issue to Vodafone Group

The board of Vodafone Idea (Vi) will consider a proposal to raise Rs 2,000 crore from entities belonging to promoter Vodafone Group through a preferential issue on December 9.

The debt-laden telco’s board will consider the issue of equity shares and/or convertible securities, Vi said in an exchange filing on Thursday. The development comes a day after British telecom giant Vodafone PLC announced plans to liquidate its holdings in mobile tower infrastructure company Indus Towers by selling its remaining 3 per cent stake.