Vodafone Idea Board Approves to Raise ₹20,000 Crore via Equity and Debt

Vodafone Idea’s board has approved a plan to raise up to ₹20,000 crore through a combination of equity and debt instruments. The announcement was made following a board meeting held on May 30, 2025. The funds may be raised through equity shares, convertible securities, GDRs, ADRs, bonds, debentures, or a mix of these options.

The capital could be secured in 1 or more phases via public offerings, private placements, or other methods. A Capital Raising Committee has been authorised to decide the structure and timing. An Extraordinary General Meeting will be held on June 27, 2025, to seek shareholder approval.

Vodafone Idea Q4 Financials

The telecom operator reported a consolidated net loss of ₹7,166.1 crore for Q4 FY25. This is a 6.6% drop from the ₹7,674.59 crore loss reported in the same quarter last year. However, the net loss widened sequentially from ₹6,609 crore in Q3 FY25. 

Revenue from operations rose 3.8% year-on-year to ₹11,013.5 crore, compared to ₹10,606.8 crore in Q4 FY24.

Debt and Liabilities

Vodafone Idea’s net worth stood at a negative ₹70,320 crore as of March 2025. The company has total AGR dues of ₹1.95 lakh crore. Deferred spectrum payments due in FY26 are ₹2,538 crore. The amount payable to banks during the same period is ₹1,600 crore out of total bank dues of ₹2,330 crore. Cash and bank balances total ₹9,930 crore.

Read more: Vodafone Idea Resumes Debt Talks with Banks After AGR Verdict

Subscriber Base

The subscriber base dropped below 200 million in December 2024 and declined further to 198.2 million by March 2025, despite the launch of 5G services in major cities like Mumbai and Delhi.

Past Fundraising

During the year, the company raised ₹61,400 crore through various routes, including ₹18,000 crore via follow-on public offer and ₹4,000 crore through preferential issues to promoters. This also included vendor support from Nokia and Ericsson, and conversion of government dues into equity worth ₹36,900 crore.

Market Performance 

As of 09:47 AM on June 2, 2025, Vodafone Idea share price was trading at ₹6.96, a 0.58% increase, with a 16.55% decline over the past 6 months and a 56.81% drop over the past year.

Conclusion

With liabilities mounting and competitive pressure rising, Vodafone Idea’s fundraising plan represents a major  step to stabilise its operations and sustain future investments.

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