Vodafone Idea unit secures ₹3,300 crore fundraise

Vodafone Idea (Vi) announced on December 18, 2025, that its wholly owned subsidiary, Vodafone Idea Telecom Infrastructure Limited (VITIL), has successfully raised ₹3,300 crore through the issuance of unlisted, unrated, secured Non-Convertible Debentures (NCDs). The fundraise saw strong interest from a diversified group of investors, including large Non-Banking Financial Companies (NBFCs), Foreign Portfolio Investors (FPIs), and Alternative Investment Funds (AIFs).

The proceeds from this issuance will be utilized by VITIL to repay its payment obligations to Vi, which will enable Vi to bolster its capex and support business growth. Abhijit Kishore, CEO, VIL, stated that this fundraise reinforces investor confidence in their strategy and long-term vision, strengthening their momentum to scale the network and enhance customer services. Discussions for long-term debt to support capex are ongoing with banks.

JM Financial Products Ltd. acted as the exclusive Debt Arranger for this fundraise. Vodafone Idea Limited is a partnership between Aditya Birla Group and Vodafone Group, and is one of India's leading telecom service providers.