DoT floats cabinet note on Vodafone Idea’s FDI proposal

NEW DELHI: The telecom department has floated a cabinet note on proposed foreign fund infusion plans by India’s largest telecom operator Vodafone Idea, which is planning up to Rs 25,000 crore rights issue, according to a source. A telecom department official privy to the development said that the proposal is likely to be taken up by the Cabinet soon. The official noted that a cabinet note has already been circulated on the FDI proposal linked to the proposed rights issue of the company.

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