Vodafone Idea Subsidiary Raises ₹3,300 Crore via NCD Issuance

Vodafone Idea’s subsidiary has successfully raised ₹3,300 crore through the issuance of non-convertible debentures (NCDs). The funds will be used to strengthen the subsidiary's financial position and support business growth. This move is expected to help improve the subsidiary's operational capabilities and provide liquidity for strategic initiatives. The NCD issuance comes at a time when the telecom sector is witnessing strong market competition and regulatory challenges.