Vodafone Idea shares may be in focus during trading tomorrow, Friday. In fact, the company said on Thursday that its subsidiary VITIL has raised Rs 3,300 crore by issuing non-convertible debentures. The company said that this amount will be used by VITIL to meet its payment obligations to Vodafone Idea and this will help the telecom operator to increase its capital expenditure and support business growth. Vodafone Idea shares closed at Rs 11.33 on Thursday, up by about 2%.What Vodafone Idea said"Vodafone Idea today announced the successful raising of Rs 3,300 crore through unlisted, unrated, secured non-convertible debentures (NCDs) issued by its subsidiary Vodafone Idea Telecom Infrastructure Limited," the statement said.Airtel has undergone management changes.Meanwhile, there has been a major change at the management level in Airtel. The company's current Managing Director (MD) and Chief Executive Officer (CEO) Gopal Vittal will be promoted to the position of Executive Vice President from January 1. Airtel said in a press release on Thursday that Shashwat Sharma will replace Vittal as the new MD and CEO of the company. He will report to Vittal. Apart from this, the company's Chief Financial Officer (CFO) Somen Roy will take over the responsibility of the Chief Financial Officer of the entire Bharti Group. He has been in his current position for four years. The current Finance Controller will replace him as the new CFO of Airtel.what the company saidSunil Bharti Mittal, Chairman, Bharti Airtel, said, "I am extremely pleased with the leadership succession and transition at Airtel. I am confident that both Gopal and Shashwat will continue to build on this momentum, and I wish them much success in their roles. As an organization, we are proud of our highly dynamic and professional management team, which, combined with our entrepreneurial approach, delivers the best technology and services to millions of customers across all geographies where we operate. I look forward to leading this effort with Gopal and the team as we move towards our goal of building the world's best global telecom company."
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