New Delhi: Vodafone Idea shares slumped more than 11 per cent on Wednesday, a day after it announced fundraising plans. Vodafone Idea shares were trading at Rs 13.98, down 11.91 per cent on BSE. The much-awaited capital raise by Vodafone Idea is crucial as it is essential to ensure immediate liquidity and facilitate the expansion of the network, Motilal Oswal Financial Services said in a report. The company still holds a debt of Rs 2.1 trillion with an annual installment of Rs 430 billion from FY26 onwards. This looks challenging against FY24 EBITDA of Rs 84 billion. The significant amount of cash required to service debt leaves limited upside opportunities for equity holders, even with the
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