New Delhi, Dec. 18 -- Vodafone Idea, or Vi, has raised Rs.3,300 crore through secured non-convertible debentures, or NCDs - the first time since 2018 that the company, India's third-largest telco, has raised debt. The NCDs are unlisted and unrated, the company said in a statement.

The telco is just coming out of a financially-stressed period after pending dues to the central government mounted and the company risked going into bankruptcy. The dues are under review after a late October Supreme Court order.

The fundraise was through Vodafone Idea Telecom Infrastructure Ltd, or VITIL, a subsidiary of Vodafone Idea.The proceeds from this issuance will be utilized by VITIL to repay past obligations to Vodafone Idea enabling the telco to bols...