New Delhi, Dec. 18 -- Telecom major Vodafone Idea on Thursday, December 18, announced that it has successfully raised Rs.3,300 crore through the issuance of unlisted, unrated, secured Non-Convertible Debentures (NCDs).

The fundraise was executed through Vodafone Idea Telecom Infrastructure Limited (VITIL), a subsidiary of the company.

The company said the fundraise attracted strong interest, exceeding the NCD issuance, from a diversified group of marquee 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. This will enable Vi to bolster its capex an...