Kumar Mangalam Birla to lead Vodafone Idea fundraising May 16
NewsBytes | May 13, 2026 3:39 PM CST
Vodafone Idea still needs ₹95,000cr
This move comes right after the government cut Vodafone Idea's dues by over ₹23,000 crore and pushed payment deadlines way into the future.
Even so, the company still needs a massive ₹95,000 crore, including around ₹45,000 crore for capital expenditure.
Talks are ongoing with State Bank of India and other lenders for fresh loans, while Aditya Birla Group has already chipped in ₹2,075 crore in 2024.
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