Home / Companies / News / Vodafone Idea board approves Rs 14,500-cr fund-raising plan

Vodafone Idea board approves Rs 14,500-cr fund-raising plan

The board approved issuance of up to 3.38 bn equity shares at issue price of Rs 13.30 per share

Tough future call: What happens if VIL isn't out of the woods in 4 years?

Premium

2 min read Last Updated : Mar 03 2022 | 6:57 PM IST

Telecom major Vodafone Idea's board on Thursday approved proposal to raise funds up to Rs 14,500 crore through various means, including Rs 4,500 crore from promoter entities.

The board approved issuance of up to 3.38 billion equity shares at issue price of Rs 13.30 per share, which aggregates to Rs 4,500 crore, to promoters on preferential basis.

"Issuance of upto 3.38 billion equity shares of face value of Rs 10 each at an issue price of Rs 13.30 per equity share (including a premium of Rs. 3.30 per equity share), which is at a 10% premium to the floor price

Topics : Vodafone Idea

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in