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The Economic Times
The Economic Times
Business

Vodafone Idea raises Rs 1,182 crore from promoter Aditya Birla Group

Vodafone Idea Aditya Birla Group VI BofA Global Research

New Delhi: Debt-ridden firm Vodafone Idea has raised Rs 1,182 crore from promoter Aditya Birla group through an issue of warrants, according to an exchange filing.

Vodafone Idea has pinned hope on its target to triple cashflow, as well as on new loans, tax refunds and fresh capital infusion from promoters to generate over Rs 1 lakh crore cash required in the next three years.

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