Vodafone Idea board meeting May 16 on fundraising, quarterly results
NewsBytes | May 12, 2026 8:39 PM CST
Vodafone Idea in talks for ₹35,000cr
The government recently cut Vodafone Idea's adjusted gross revenue (AGR) dues by 27%, but it still owes a massive ₹64,046 crore.
The company is also talking with SBI and other banks about raising ₹35,000 crore just to stay afloat and pay off debts.
Shares dipped but recovered slightly on May 12, showing investors are anxious too.
Vodafone Idea's future depends heavily on what comes out of this board meeting.
READ NEXT
-
Gold Import Duty Hike: Dubai Gold May Get Cheaper for Indians as Import Tax Jumps
-
Gold Prices May Surge by ₹14,000 After Import Duty Hike, Experts Suggest Digital Gold and ETFs
-
Gold Import Duty Hike Makes Recycled Gold More Attractive for Buyers
-
8th Pay Commission Update: Key Meeting Begins With Defence and Railway Unions on Salary, Pension Hike
-
EPFO 3.0 Update: PF Withdrawal via UPI and ATM May Start This Month
