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Debt-ridden Vodafone Idea Ltd.’s board will consider fundraising options along with approval of its financial results on May 30, the company said on Tuesday.
The board will mull proposals for raising funds in one or more tranches, either by way of a rights issue or further public offer or private placement (including preferential allotment or qualified institutions placement) or through any other permissible mode, according to a stock exchange filing.
Fundraise through bonds including foreign currency convertible bonds, convertible debentures, warrants, and/or nonconvertible debentures including non-convertible debentures along with warrants, which may or may not be listed, can also be an option.
Vodafone Idea board will also meet and consider approving its financial performance for the March quarter as well as fiscal 2025, the filing said.
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