Vodafone Idea to close equity funding talks in current quarter: CEO Akshaya Moondra
Vodafone Idea is set to finalize its equity funding talks in the ongoing quarter, followed by additional lending from banks, according to CEO Akshaya Moondra. Moondra revealed that discussions with equity investors have progressed since the last quarter. He also mentioned that one promoter who committed to providing financial support of up to Rs 2,000 crore has yet to inject the funds. However, Moondra clarified that the equity-linked funding being discussed is not dependent on promoter infusion.
Source: indiatimes.com