Vi Stock Soars on Major Debt Funding News

Vodafone Idea's (Vi) share price experienced a significant surge of 5% on Tuesday, trading at ₹14.75 on the BSE. This increase, extending a previous day's gain, occurred amid heavy trading volumes and reports indicating Vi is close to finalizing a debt funding package. The financing is expected from a consortium of public sector banks, led by the State Bank of India.

This potential funding comes after Vi successfully raised ₹6,400 crore earlier, including contributions from its promoter and foreign lenders. The company is reportedly negotiating with a 6-7 bank consortium led by SBI. Vi has also placed substantial orders worth over ₹9,000 crore with network vendors to support its expansion plans.

Financially, Vi demonstrated improvement in the April-June 2026 quarter (Q1FY27). Revenue rose by 6.0% year-on-year to ₹11,689 crore, with cash earnings before interest, taxes, depreciation, and amortization (EBITDA) showing double-digit growth of 13.5%. The company also saw its subscriber base grow to 193.1 million, continuing a positive net subscriber addition trend.

Vi's management expressed optimism about concluding discussions with PSU banks and continuing other debt-raising efforts. The company stated that FY27 is a phase of execution, focusing on network investment, market competitiveness, and translating its stronger balance sheet into sustained growth. Analysts suggest that recent ratings upgrades are aiding these fundraising conversations.