Vodafone Idea to raise Rs 1,980 crore from parent Vodafone PLC via preferential issue
Vodafone Idea (Vi) is raising Rs 1980 crore from its promoter Vodafone Group Plc by issuing fresh equity on a preferential basis, after the UK parent sold its residual stake in Indian telecom tower unit Indus Towers last week. The funds will be used by Vi to clear a portion of its dues to Indus…