Vodafone Idea Secures ₹2075 Crore Investment Approval from Aditya Birla Group

Vodafone Idea, a telecom company facing financial difficulties, is planning to raise a significant amount of money. They’ve gotten the green light from their board to raise ₹2075 crore from their main investor, the Aditya Birla Group. This will be done by issuing new shares to a company called Oriana Investments, which is part of the Aditya Birla Group.

To do this, Vodafone Idea’s board has also agreed to increase the total amount of money the company can raise through shares. They’ve decided to increase their authorized share capital from ₹75,000 crore to ₹1 lakh crore.

In simpler terms, Vodafone Idea is getting more money from its main investor by selling them new shares, and they’re also making it possible to raise even more money in the future by increasing the total amount of shares they can issue. This infusion of funds could help the company with its financial challenges.