Vodafone Idea shares decrease 3% ahead of Q4 results, fund-raising announcement likely
Shares of telecom giant Vodafone Idea (Vi) fell over 3 percent on May 30 and traded at Rs 6.92 per share. This sharp fall in share price comes ahead of the telecom giant's earnings announcement scheduled today.
Notably, Vodafone Idea's board is set to approve a fund-raising plan, the company had informed the exchanges. The fund-raising plan to be announced by the company will be actively monitored given the company's mounting dues.
Earlier this year, the telecom giant had cautioned the government that it cannot operate beyond the current fiscal year 2026 without its support and may have to take the bankruptcy route.
VIL CEO Akshay Mundra said in a letter to the DoT secretary, "Without timely support from the Government of India on AGR, VIL will not be able to operate beyond...










