Vodafone Idea Fund Raise LIVE Updates | Telecom firm Vodafone Idea Ltd on Monday (December 9) said its board of directors has approved a preferential issuance of equity shares to raise up to ₹1,980 crore.
Vodafone Idea Fund Raise Highlights | Telecom firm Vodafone Idea Ltd on Monday (December 9) said its board of directors has approved a preferential issuance of equity shares to raise up to ₹1,980 crore.
The issuance includes up to 1,755,319,148 equity shares at a price of ₹11.28 per share, comprising a face value of ₹10 and a premium of ₹1.28 per share.
The funds will be raised from Vodafone Group entities, including Omega Telecom Holdings Private Limited (₹1,280 crore) and Usha Martin Telematics Limited (₹700 crore).
Vodafone Idea has scheduled an extraordinary general meeting (EGM) on January 7, 2025, to seek shareholder approval for the proposed issuance.