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Vodafone Idea to seek shareholder nod for ₹20,000 cr fundraise, AoA tweak
Shareholders will vote on two special resolutions. The first relates to changes in the company's AoA to reflect amendments in the shareholders' agreement that preserve governance and management rights for the promoters — Aditya Birla group and Vodafone Plc.
The planned fundraise is part of Vodafone Idea's broader effort to strengthen its balance sheet and support investments in network expansion and 5G rollout. The move comes as the cash-strapped telecom operator continues to battle intense competition and legacy dues.
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