Vodafone Idea shares today: Vodafone Idea (Vi) shares went up by 1.5 per cent to Rs 6.55 on Tuesday, August 19, after the company said it is looking for new ways to raise money for its capital expenditure (capex) plans. This came during a call with analysts and investors, even though delays in funding and worries about adjusted gross revenue (AGR) dues are still a concern.

Vi Looking Beyond Banks for Funding

CEO Akshaya Moondra said talks with banks are moving slowly because of uncertainties around AGR dues. So, the company is now exploring other options beyond traditional bank loans to raise around Rs 500–550 billion (about USD 6 billion) needed for its expansion.

Moondra also said Vodafone Idea has formally asked the government to clear up the AGR issue before the March 2026 deadline. This, they hope, will boost lender confidence and help unlock funding.

Brokerages View on Vodafone Idea

Despite these plans, CLSA kept an ‘Outperform’ rating with a target price of Rs 8. They noted that in Q1FY26, revenue rose 1 percent quarter-on-quarter and 5 percent year-on-year, while the average revenue per user (ARPU) grew 13 percent year-on-year. Capex for the quarter was Rs 24.4 billion—a big 221 percent increase from last year, though it fell 42 percent from the previous quarter.

CLSA also highlighted that subscriber losses were down to 0.5 million, the lowest since Vodafone and Idea merged—a small but positive sign for the company.