Vodafone Idea Shares Soar 6% as Subsidiary Secures ₹3300 Cr Funding

• Vodafone Idea shares surged 6% intraday, reaching ₹12 on BSE, driven by a ₹3300 crore fundraise by its subsidiary VITIL.
• VITIL secured the funds through unlisted, unrated, secured Non-Convertible Debentures (NCDs) from major investors including NBFCs, FPIs, and AIFs.
• The raised capital will enable VITIL to pay dues to Vodafone Idea, strengthening its capital expenditure and supporting business growth.
• The company's share price has seen significant growth, rising 90% in 6 months and 42% in 3 months, with a market cap exceeding ₹1.29 lakh crore.
• Vodafone Idea's net loss decreased in Q2 FY25 to ₹5524 crore, while revenue grew 2.4% year-on-year.

Why It Matters: Vodafone Idea's share price jumped after its subsidiary VITIL raised ₹3300 crore, boosting capital.