Vodafone, Aditya Birla Group May Invest $400 Million Into Vodafone Idea: Report

Vodafone and the Aditya Birla Group, who own 44.39% and 27.66%, respectively, in Vodafone Idea, may inject $200 million to retain their stakes in the telco once it raises funds from external investors, the people informed the publication.

Kumar Mangalam Birla is expected to invest the amount via unlisted promoter entities, and none of the group’s listed companies will invest," one of the two people was quoted as saying.

This comes after Vodafone Idea’s board approved a plan to raise Rs 25,000 crore from external investors in September 2021.

The report added that telco will utilize the fresh funding towards carrying out daily business, invest in growth strategy, including capital expenditure for expanding 4G networks and towards 5G infrastructure and spectrum auctions.

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Kumar Mangalam Birla may infuse own capital into Vodafone Idea

A person familiar with the matter said that the promoter infusion is likely to be much lesser than Rs 10,000 crore that has been reported in some media.

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