Strong signals from investors, Vi may get much-needed cash soon
Vodafone Idea (Vi) has informed the Department of Telecommunications (DoT) that it has received term sheets from several potential investors for its equity funding. The company's CEO, Akshaya Moondra, stated that one of the investors will seek a meeting with authorities to secure assurances of continued government support. Vi aims to raise funds to implement a ₹65,000 crore capex plan over four years.
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