Voda Idea likely to bring in new equity partners; board meeting on Tuesday

Vodafone Idea is likely to raise equity from new investors, a move that will dilute the stakes of existing shareholders, including Vodafone Group Plc, Aditya Birla Group, and the Government of India.

The company’s board of directors is meeting this Tuesday to decide on the amount of the fundraise.

This fundraise is over and above the Rs 2,000 crore already committed by the promoters in August last year. The fresh fundraise exercise will offer the existing shareholders a chance to maintain their stake in the company, according to an insider. Aditya Birla Group holds an 18.1 per cent stake in