Vodafone Thought Ltd.’s board on Friday authorised fundraising of as a lot as Rs 20,000 crore by means of equity or debt. A unprecedented regular meeting will in all probability be convened to hunt shareholders’ approval on June 27.
The fundraising comes given the financial strain on the Aditya Birla Group telco and the need to refinance.
All through the yr, Vodafone Thought raised funds by means of equity of Rs 61,400 crore, along with a follow-on public present of Rs 18,000 crore, preferential issue of Rs 4,000 crore to promoters — Rs 2,100-crore stake allotted to Aditya Birla and Rs 1,900 crore to Vodafone Group. This moreover comprises Rs 2,500 crore raised from distributors (Nokia and Ericsson) and Rs 36,900 crore from the federal authorities by means of conversion of debt into equity.
“We keep engaged with lenders to secure debt financing to assist our broader capex plans of Rs 50,000–55,000 crore,” Chief Authorities Officer Akshaya Moondra talked about.
The fundraising plan was launched after the company reported a wider net lack of Rs 7,166 crore inside the March quarter compared with the sooner one.
Vodafone Thought’s net worth was a detrimental Rs 70,320 crore as of March 2025. Opposed net worth occurs when a corporation’s amassed losses and liabilities exceed its belongings and capital.
Complete AGR dues stood at Rs 1.95 lakh crore. Installments related to deferred charge obligations within the path of spectrum payable all through FY26 are Rs 2,538 crore.
Alternatively, the company owed Rs 2,330 crore to banks as of March. The amount payable all through FY26 is Rs 1,600 crore.
The cash and monetary establishment steadiness stood at Rs 9,930 crore.
Shares of Vodafone Thought closed 3.2% lower at Rs 6.92 apiece on the BSE, ahead of the outcomes, compared with a 0.2% fall inside the benchmark Sensex. The stock has fallen 53% inside the remaining 12 months and 14% so far this yr.