Vi plans to raise Rs 450 billion through combination of equity and debt

Vodafone Idea Limited (Vi) is planning to raise up to Rs 450 billion through a combination of equity and debt. The operator announced that its board has cleared the raising of Rs 200 billion through equity or equity-linked instruments. This includes the Rs 20 billion funding committed earlier by one of its promoters, the Aditya Birla Group. The funds would enable it to make investments towards the significant expansion of 4G coverage, 5G network roll-out and capacity expansion.