Vodafone Idea CEO Ravinder Takkar, in a short Q&A session with the media, was emphatic that tariff rise was inevitable to sustain the telecom business. Edited excerpts:
On private equity funds participating in the proposed Rs 25,000-crore fundraising plan: The board okayed the fundraising proposal last week. We are evaluating all the options before us.
On whether promoters would invest in equity or if they would dilute their stake: I cannot talk on behalf of the promoters. What is important is Vodafone Idea has decided to raise additional funds not just for paying the AGR (adjusted gross revenue)
On private equity funds participating in the proposed Rs 25,000-crore fundraising plan: The board okayed the fundraising proposal last week. We are evaluating all the options before us.
On whether promoters would invest in equity or if they would dilute their stake: I cannot talk on behalf of the promoters. What is important is Vodafone Idea has decided to raise additional funds not just for paying the AGR (adjusted gross revenue)