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Vodafone Idea shares fall 10% as fund-raise plan is good but not enough for Rs 2.5 lakh crore debt
Vodafone Idea plans to raise Rs 20,000 crore through equity, but shares fell as it may have limited financial impact due to its massive debt pile. Investors are concerned about the company's ability to bring in external investors. Nomura also highlights the importance of improving the subscriber base. Government dues and subscriber additions are additional challenges.