Vodafone Idea shares will likely be in focus on Thursday, March 12, as the company has said it will meet institutional investors next week, which appears to be an effort to tap new funding.
The telecom company, in an exchange filing on March 11, said it will meet institutional investors in Singapore on 16 March and in Hong Kong on 17 March.
While the company has not explicitly disclosed the details of these one-on-one and group meetings, there are indications that it may explore raising new funds.
Earlier in January, the company unveiled a ₹45,000-crore under its Vi 2.0 strategy, and said it is targeting double-digit revenue growth, a three-fold increase in operating profit, and sustained subscriber additions over the next three years.
More to come…