The board of Vodafone Idea Limited (NSEI:IDEA) will meet on June 22, 2022 to consider a INR 5.00 billion fund infusion plan from Vodafone Group Plc. The infusion, the second in two months, comes ahead of the 5G spectrum auction that will see Indian telecom companies battle for airwaves in multiple bands. In a stock exchange notification, Vi said the board will meet on June 22, 2022 to consider the proposal for raising funds aggregating up to INR 5.00 billion via equity shares or convertible warrants on a preferential basis to Vodafone group entities. In March, Vi approved a INR 45.00 billion fund raise with two promoters pitching in with capital. While Vodafone Group has invested around INR 33.75 billion, the Aditya Birla group put in INR 11.25 billion. However, the company has so far been unable to raise funds from any external investor. In a recent interaction with Business Standard, the company's Chief Executive Officer Ravinder Takkar said the firm is looking to grow its 4G network and improve capacity with fund infusion. The bulk of the capex requirements in the next three to four years will be in these two buckets and will also include investments in 5G, Takkar said. “We require INR 250.00 billion of additional investment which the board has approved. Our promoters have recently put in INR 45.00 billion, so we need about INR 200.00 billion more which will be raised in combination of debt and equity,” he had said.