Current Price: ₹6.91 | Down 3.22% | Another Fundraise Incoming
🧨 At a Glance
- Vodafone Idea (Vi) wants to raise ₹20,000 Cr
- Again. Yes, again.
- Via FPO, QIP, warrants, bonds, ADRs, GDRs — basically anything with alphabets and money
- Board meeting approved the fundraising plan on 30 May 2025
- Stock dropped 3.22% to ₹6.91 in response
Investors: “Vi needs funds.”
Vi: “Tumhare paas kuch cash hai, bhai?”
🧾 The Latest Fundraising Plan (30 May Board Meeting)
- Amount: ₹20,000 Cr
- Mode:
- Further Public Offer (FPO)
- Qualified Institutions Placement (QIP)
- Private Placement
- Foreign bonds, FCCBs, NCDs with warrants
- Maybe even pan-flavored lottery tickets next 🍃
- EGM Scheduled: 27 June 2025
- Purpose: Approve fundraising and amend Articles of Association
Yes, they’re tweaking even the company
