Vodafone Idea Subsidiary Raises ₹3300 Cr via NCDs; Boosts Growth & Network

• Vodafone Idea's subsidiary, Vodafone Idea Telecom Infra Ltd (VITIL), raised ₹3300 crore through unlisted, unrated, secured Non-Convertible Debentures (NCDs).
• The funding received strong interest from large Non-Banking Financial Companies (NBFCs), Foreign Portfolio Investors (FPIs), and Alternative Investment Funds (AIFs).
• Funds will be used to meet VI's payment obligations, strengthen CapEx, and support business growth.
• VI expects the capital to accelerate network expansion and enhance customer service quality.
• Vodafone Idea shares closed up 1.80% at ₹11.33 on Thursday, with a 45.44% rise over the last year.

Why It Matters: Vodafone Idea secures ₹3300 Cr funding for growth, network expansion, and debt, boosting investor confidence.