News > Vodafone Idea shares slump over 11% after fundraising plans announced

Vodafone Idea shares slump over 11% after fundraising plans announced

Vodafone Idea shares were trading at Rs 13.98, down 11.91 per cent on BSE. The much-awaited capital raise by Vodafone Idea is crucial as it is essential to ensure immediate liquidity and facilitate the expansion of the network, Motilal Oswal Financial Services said. The company still holds a debt of Rs 2.1 trillion with an annual instalment of Rs 430 billion from FY26 onwards. This looks challenging against FY24 EBITDA of Rs 84 billion.