Fundraising to conclude in current fiscal, says Vodafone Idea

CEO indicates a tariff hike may happen soon

Vodafone Idea (Vi) exp­ects to conclude its fundraising in the current financial year, chief executive officer (CEO) Ravinder Takkar said on Monday.

He indicated that a tariff hike, which is critical for survival of the sector, would happen soon.

Takkar made the remarks in a post second quarter results conference call on Monday. The company narrowed down its subscriber loss and reported a sequential increase in its average revenue per user (ARPU). There was a limited year-on-year (YoY) decline in its net loss, which stood at Rs 7,132 crore in the second quarter of FY22. Vi continues to make focused investments to