Vodafone Idea’s Fundraising Spurs Market Focus

Vodafone Idea’s shares are in the spotlight as it plans to raise ₹1,980 crore by issuing equity shares to Vodafone Group entities at ₹11.28 each. This move boosts promoter stakes and aims to address the telecom operator’s financial challenges. The company’s recent tariff hikes and improved ARPU have slightly narrowed losses but haven’t resolved declining subscriber numbers. Investors are watching how these developments impact its recovery.