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Vodafone India, the second largest telecom firm of country has received Rs 47,700 crore fresh capital from its parent for funding business expansion.
Sunil Sood, the Managing Director and Chief Executive has said that “The money (Rs 47,700 crore) has flown into the company, which previously announced a plan to do a share sale, since April this year.”
he also said that this is the single-largest FDI inflow into the country till date.
He also informed that the funds are going to be utilised to retire debt, bidding for spectrum which begins next week, expansion of network and deployment of next generation technologies.
