Vodafone Idea shares jump 9% on fundraise move.

Vodafone Idea's pivotal decision on fundraising emerges.

The Aditya Birla Group telecom giant, facing financial strain, discloses plans to evaluate diverse options on Feb 27.

Q3FY24 shows mixed results. Net loss at Rs 6,985.9 crore (down 12.56%). Revenue

However, rises 0.49% to Rs 10,673.1 crore. EBITDA climbs to 40.8%, signaling operational resilience.

Post Chairman Kumar Mangalam Birla's commitment to Vodafone Idea, shares surged 6% on Nov 22.

External investments are in contemplation, reflecting optimism in the market.

Concerns include debt burden, impending repayment of Rs 54 billion in FY2025,

Nuvama's cautious stance stems from Q3FY24 figures.

As Vodafone Idea treads the path of fundraising, securing capital becomes paramount for sustained growth

Nuvama sets a target price of Rs 7, highlighting challenges ahead.

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