FPO won't be one-shot clearance of dues: Vodafone Idea CEO Moondra

Speaking about Vodafone Idea's upcoming FPO, CEO Akshaya Moondra said the funds raised won't be used for a "one-shot" clearance of vendor dues. "We are very clear that the funding...is primarily meant for growth capex...[not] to clear vendor dues. Vendor dues have to be cleared from internal accounts," he said. Vodafone Idea plans to raise ₹18,000 crore via the FPO.