BENGALURU (Reuters) – Vodafone Idea Ltd <VODA.NS> said on Friday it would raise funds up to 300 billion rupees ($4.10 billion) as the Indian telecom operator tries to pay off the hefty dues it owes to the government.
The loss-making carrier has been ordered by the country’s Supreme Court to pay roughly 500 billion Indian rupees ($6.81 billion) in dues to the government over a ten-year period and it has so far paid 78.54 billion rupees.
($1 = 73.2250 Indian rupees)
(Reporting by Philip George in Bengaluru; Editing by Arun Koyyur)
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