Vodafone Idea Limited — Board Meeting, 30-05-2025: Outcome of Board Meeting

Vodafone Idea has announced a board meeting that approved a fundraise of up to Rs. 20,000 Cr via equity shares and convertible/non-convertible securities, possibly including global or American depository receipts. The Capital Raising Committee will finalize the approach. A deferred EGM is set for June 27 to get shareholder approval for the capital raise and amendments to the Articles of Association. This capital injection aims to strengthen liquidity and back strategic moves amid tough industry challenges.