New Delhi, May 27 (PTI) – Vodafone Idea, the debt-laden telecom operator, announced that its board of directors will convene on May 30, 2025, to explore various fundraising options and approve its financial results for Q4 and full fiscal year 2025.
In a regulatory filing with the Bombay Stock Exchange (BSE), the company stated that the board will “consider and evaluate any and all proposals for raising of funds in one or more tranches.” Possible methods include a rights issue, further public offering, private placement, preferential allotment, or qualified institutional placement (QIP).
The board will also assess the viability of raising capital through debt instruments such as bonds, along with finalizing plans to convene an extraordinary general meeting (EGM) to seek shareholders’ approval for any fundraising initiatives.
The development comes amid persistent financial distress at Vodafone Idea. The company has raised concerns about its ability to remain operational beyond the current fiscal year due to a severe liquidity crunch, even after receiving financial relief from the government.
The May 30 meeting will also see the board review and approve the company’s financial performance for the quarter ended March 2025 and the entire fiscal year.
