InvestorQ : Is it true that the Aditya Birla group is planning to infuse further funds into Vodafone Idea?
Archita Jajjoo made post

Is it true that the Aditya Birla group is planning to infuse further funds into Vodafone Idea?

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Niti Shenoi answered.
4 weeks ago
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At the outset, let me clarify that the investment into Vodafone Idea is not being made by the Aditya Birla group but by Kumara Mangalam Birla in his personal capacity. He plans to invest $150 million or around Rs.1,100 crore in Vodafone Idea. The idea is to give the much needed support to the company and also give confidence to the shareholders, lenders and to the government on the viability of the Vodafone Idea business model.

However, it is yet to be confirmed whether the investment will be by way of equity or via convertible debt. Vodafone UK would be investing a similar amount and also syndicate institutions for a bigger infusion. Currently, Aditya Birla group owns 27% in Vodafone Idea and Vodafone UK owns 44%.

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