Vodafone Thought Ltd.’s board on Friday authorised fundraising of as much as Rs 20,000 crore by way of fairness or debt. A unprecedented normal assembly will probably be convened to hunt shareholders’ approval on June 27.
The fundraising comes given the monetary pressure on the Aditya Birla Group telco and the necessity to refinance.
Throughout the yr, Vodafone Thought raised funds by way of fairness of Rs 61,400 crore, together with a follow-on public provide of Rs 18,000 crore, preferential difficulty of Rs 4,000 crore to promoters — Rs 2,100-crore stake allotted to Aditya Birla and Rs 1,900 crore to Vodafone Group. This additionally contains Rs 2,500 crore raised from distributors (Nokia and Ericsson) and Rs 36,900 crore from the federal government by way of conversion of debt into fairness.
“We stay engaged with lenders to safe debt financing to help our broader capex plans of Rs 50,000–55,000 crore,” Chief Government Officer Akshaya Moondra mentioned.
The fundraising plan was introduced after the corporate reported a wider web lack of Rs 7,166 crore within the March quarter in comparison with the earlier one.
Vodafone Thought’s web value was a detrimental Rs 70,320 crore as of March 2025. Adverse web value happens when an organization’s amassed losses and liabilities exceed its belongings and capital.
Whole AGR dues stood at Rs 1.95 lakh crore. Installments associated to deferred fee obligations in the direction of spectrum payable throughout FY26 are Rs 2,538 crore.
Alternatively, the corporate owed Rs 2,330 crore to banks as of March. The quantity payable throughout FY26 is Rs 1,600 crore.
The money and financial institution steadiness stood at Rs 9,930 crore.
Shares of Vodafone Thought closed 3.2% decrease at Rs 6.92 apiece on the BSE, forward of the outcomes, in comparison with a 0.2% fall within the benchmark Sensex. The inventory has fallen 53% within the final 12 months and 14% to this point this yr.
