Rs 1,500 cr! Vodafone Idea raise first debt after incorporation
Idea Cellular Ltd and Vodafone Plc on last Friday announced completion of the $23.2 billion (approximately Rs 1.6 lakh crore) merger of their India operations to create the country’s largest telecom operator to take on competition from Reliance Jio.
Vodafone Idea Limited Monday raised Rs 1,500 crore fund through non-convertible debentures on private placement basis, Image source:Reuters