Vodafone Idea raises Rs 3,300 crore via NCD issue; shares end nearly 2% higher
Published on 18/12/2025 07:26 PM
Shares of Vodafone Idea (Vi) were in focus on Thursday after the telecom operator announced a fundraise of Rs 3,300 crore through the issuance of unlisted, unrated, secured Non-Convertible Debentures (NCDs) by its subsidiary, Vodafone Idea Telecom Infrastructure Limited (VITIL).
In a regulatory filing dated December 18, Vi said the NCD issue witnessed strong interest from a diversified group of marquee investors, including large Non-Banking Financial Companies (NBFCs), Foreign Portfolio Investors (FPIs) and Alternative Investment Funds (AIFs). The issue was oversubscribed, indicating healthy appetite for the debt offering.
The company said the funds raised by VITIL will be used to repay payment obligations to Vodafone Idea, enabling the telco to strengthen its capital expenditure programme and support ongoing business growth initiatives.
Commenting on the development, Abhijit Kishore, CEO of Vodafone Idea Ltd, said the successful fundraise reflects investor confidence in the company’s strategy and long-term vision. He added that the capital infusion will help Vi continue to scale its network and enhance services, while discussions with banks for long-term debt funding to support capex remain ongoing.
JM Financial Products Ltd acted as the exclusive debt arranger for the fundraise, the company said.
Following the announcement, Vodafone Idea shares closed nearly 2 per cent higher at Rs 11.33 apiece on December 18, tracking positive sentiment around the fundraising move.