Vi seeks ₹50,000 crore equity infusion to boost 5G rollout
Vodafone Idea (Vi) is reaching out to big names like ST Telemedia, JSW Group, and some US and Indian firms for fresh investment.
The company's management will also be pitching its plans to investors in Singapore and Hong Kong soon.
This push comes after Vi got a helping hand from the government to support its 5G rollout.
Potential government stake swap and dues reduction
Vi is described as debt-heavy and is trailing behind Airtel and Jio in the 5G race.
With no publicly stated profitability target year, analysts have modeled a scenario involving a ₹50,000 crore equity infusion: this could let the government swap part of Vi's dues for shares while keeping its stake steady at 49%.
Plus, there's talk that Vi's statutory dues might get slashed by half, giving it more breathing room to compete.