Vodafone Idea is likely to mop up about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetization of optical fibre assets. The company plans to use the funds for lowering its debt, which stood at Rs 1,23,660 crore at the end of 2018. The company is also planning to raise Rs 25,000 crore through a rights issue to fund its capital expenditure and pare debt.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1819.95 |
| Vodafone Idea | 9.52 |
| Indus Towers | 401.00 |
| Tata Communications | 1520.70 |
| Bharti Hexacom Ltd. | 1524.85 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: