Vi shares jump over 22% on BSE amid fundraise closure buzz

During the Q2 earnings call, Vi’s chief executive Akshaya Moondra told analysts that the telco expected to conclude its discussions relating to (funding from potential) equity investors in this quarter (Q3FY24). He had added that Vi’s talks with banks had already happened and that the current focus is on tying up the equity investment, basis which the banks would process the telco’s requests for bank funding.

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