Key Points
Vodafone Idea shares surged over 12 per cent to hit a 52-week high during intraday trade on Friday..
Shares of Vodafone Idea Ltd experienced a surge in trading for the second consecutive day, with prices jumping over 12 per cent on Friday...
Shares of Vodafone Idea Ltd surged, reaching a high of Rs 18.30 compared to its previous close of Rs 16.28..
Vodafone Idea announced its consideration of raising funds through various ways, including a rights issue or a further public offer of shares...
CEO Akshaya Moondra mentioned ongoing funding discussions with investors during a recent earnings call, stating that they cannot provide further details at this time due to the nature of the discussions...
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Vodafone Idea shares zoom 9% on fundraising plans; will the operator taste success?
23, Feb, 24Vodafone Idea has been struggling for a while to raise capital, which is of utmost significance given the high debt on books. Further, it needs heavy capital investments for network upgradation and rollout of 5G services to compete with rivals Airtel and RJio. On Thursday, AB Group Chairman Kumar Mangalam Birla said that the group remains committed and is making all efforts to rope in external investors. The stock had rallied following the comments.