Vodafone, Aditya Birla Group might make investments $400 million into Vodafone Concept

Promoters Vodafone Group Plc and the Aditya Birla Group (ABG) are more likely to make investments $400 million as recent fairness to assist the financially fragile telecom operator , Livemint reported on Wednesday, citing two folks conscious of discussions.

Vodafone and ABG, who personal 44.39% and 27.66% respectively in Vi, might inject $200 million to retain their stakes within the telco as soon as it raises funds from exterior buyers, the folks knowledgeable the publication.

This comes after Vodafone Concept’s board accredited a plan to boost Rs 25,000 crore from exterior buyers in September 2021.

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