Vodafone and Idea board meeting on September 4 to review fundraising option

Описание: Vodafone Idea board to hold a meeting on September 4, 2020 to consider fund raise. Fresh infusion of funds is very crucial for the company to take care of payout requirements from next financial year. The stock has nearly gained 49% in the last two trading sessions in hopes of marquee investors logging in. Vodafone Idea got a short term reprieve when the Supreme court allowed telecom companies to pay their AGR dues over the next 10 years. Why is it important for Vodafone Idea to raise funds? Which other parts of the puzzle have to fall in place for the company to survive?

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