STOCK MARKET BSE NSE

Vodafone Idea approves issue of shares to three promoters

Vodafone Idea Limited (VIL) on Thursday informed that its board members have approved allotment of 338.3 crore equity shares to its three promoters to raise Rs 4500 crore.

Published: 01st April 2022 08:18 AM  |   Last Updated: 01st April 2022 08:18 AM   |  A+A-

Vodafone Idea

Vodafone Idea.

By Express News Service

NEW DELHI:  Vodafone Idea Limited (VIL) on Thursday informed that its board members have approved allotment of 338.3 crore equity shares to its three promoters to raise Rs 4500 crore. The cash-strapped telco has issued shares at a price of Rs 13.30 per equity share, including a premium of Rs 3.30 per equity Euro Pacific Securities, Prime Metals and Oriana Investments.

“the Capital Raising Committee of the Board of Directors has, at its meeting held today, i.e., March 31, 2022, considered and approved the allotment of 3,38,34,58,645 equity shares of Rs 10/- each for cash at an issue price of Rs 13.30 per equity share (including a premium of Rs 3.30 per equity share), aggregating to ~ Rs 4,500 crore to the following allottees,” said the Vodafone Idea in exchange filing.

The company, in the meeting of its board Directors held on 3 March 2022, approved raising to Rs 14,500 crore, including Rs 4,500 crore from promoter entities -- Vodafone and Aditya Birla Group. Now, the telco allotted 1,96,66,35,338 equity shares to Euro Pacific Securities (promoter), 57,09,58,646 equity shares to Prime Metals (promoter), and 84,58,64,661 equity shares to Oriana Investments (promoter group). 



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp