Vodafone CEO rules out fresh equity infusion into Vodafone Idea

Vodafone Idea

Vodafone Chief Executive Officer Nick Read said the telecom major will not be infusing fresh equity into debt-ridden Vodafone Idea (Vi). Read made the comments during a conference call with investors on July 23, Business Standard has reported.

“We as a group try to provide them as much practical support as we can, but I want to make it very clear, we are not putting any additional equity into India,” he said, as quoted by the publication.

News Source:- Moneycontrol

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