Vi loss narrows, gets approval to raise Rs 20,000 crore

NEW DELHI: Vodafone Idea on Friday reported a loss of Rs 7,166 crore for the fourth quarter of the last fiscal, against Rs 7,675 crore in the same period of 2023-24. The company's board also approved raising of Rs 20,000 crore to fund expansion.

The company, reeling under a debt pile of over Rs 2 lakh crore, reported a revenue of Rs 11,014 crore in Q4 FY25 against Rs 10,609 crore in the same period of the previous fiscal. "Subject to the approval of shareholders' and / or other requisite regulatory, raising of funds in one or more tranches, either by way of FPO or private placement or through any other mode..., which may or may not be listed up to amount of Rs 20,000 crore," it said.


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