Vodafone Idea on Monday clarified that reports of US-based private equity firm TGH being in talks to invest up to $6 billion in the company are speculative, stating that no such proposal is currently under board consideration.
In an exchange filing, the telecom operator said it continues to explore fundraising opportunities within board-approved limits, but will make disclosures only when required under SEBI guidelines.
“The Company keeps exploring various opportunities and options to raise funds… As and when such proposals are considered by the Board that warrant disclosures, the Company complies with the disclosure obligations,” Vodafone Idea said.
The clarification comes after the stock surged sharply intraday following a media report citing potential investment interest from a major US private equity group.
Vodafone Idea added that it will “keep the stock exchanges informed of all price-sensitive information” as per SEBI Listing Regulations.
