Fundraising, a key component in Vodafone Idea’s next Board meeting scheduled on March 3

The debt-ridden telecom firm Vodafone Idea Ltd (VIL) on Friday stated that its Board will meet to discuss issues pertaining to fundraising.

British telecom operator Vodafone PlC will participate in the meeting along with Bharti Airtel.
In a regulatory filling, VIL stated, “A meeting is scheduled on March 3, 2022 to discuss matters, consider, evaluate, any and all proposals for raising funds in one or more tranches by way of preferential allotment, private placement, including qualified institutions placement or through any other permissible mode”.

It is also to be noted here that the company’s trading window will remain closed till 48 hours from the conclusion of the board meeting and open on March 6.