Vodafone Idea shares surge 10% ahead of strategic announcement

Vodafone Idea shares surge 10% ahead of strategic announcement

On September 7 the Shares of Vodafone Idea surged 10 percent in morning trade on BSE ahead of the company's strategic announcement through a virtual platform.

The board of Vodafone Idea on September 4 approved fundraising up to Rs 25,000 crore via a mix of instruments, the company said in an exchange filing.

The company is looking to raise funds, in one or more tranches, via issuance of Global Depository Receipts (GDRs), American Depository Receipts (ADRs), foreign currency convertible bonds (FCCBs), convertible debentures, and warrants