Vodafone Idea Limited (VIL) is planning to seek its shareholders’ approval to raise borrowing limit to Rs 1 trillion, at the upcoming annual general meeting (AGM) scheduled to be held on September 30, 2020.

To this end, the company will seek shareholders’ nod to create charge or mortgage or hypothecate on VIL’s properties up to the limit of Rs 1 trillion.

In addition, VIL will seek shareholders’ approval to raise up to Rs 250 billion via a mix of debt and equity instruments which was approved by its board on September 4, 2020. Further, the telco also plans to seek approval for a 10-year master service agreement (MSA) with Indus Towers and Bharti Infratel for renting mobile sites across India.