Vi proposes equity infusion of Rs 140 billion as part of business revival plan

Vodafone Idea Limited (Vi) is reportedly proposing a significant equity infusion of Rs 140 billion as part of its business revival plan. The plan includes contributions from the company’s existing promoters, the Aditya Birla Group and Vodafone Group Plc. As per industry sources, the Aditya Birla Group and the Vodafone Group will invest Rs 20 billion as fresh equity, with the promoters already having invested Rs 50 billion since the government’s telecom revival package. As outlined in the plan submitted to the government, the promoters will collaborate with the company to raise an additional Rs 70 billion from external investors, either through direct equity or convertible structures.