New Delhi, May 31 -- Vodafone Idea Ltd's board approved raising another Rs.20,000 crore through a further public offering (FPO), private placement, or other permissible mode to stay afloat, it said in an exchange filing on 30 May after reporting losses for another quarter amid never-ending financial troubles.

India's third-largest telecom operator said it was confident of gaining government support, successfully arranging funding, and generating cash flow from operations, and announced that a Capital Raising Committee will evaluate and decide on the potential route of fundraising.

The debt-laden company declared its March quarter results days after pleading before the Supreme Court for a waiver of massive government dues as banks refuse...