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VIL to raise ₹1,980 cr through preferential issue
The New Indian Express Kozhikode
|December 10, 2024
VODAFONE IDEA (VIL), the country's third-largest telecom service provider, announced on Monday that its Board of Directors has approved the issuance of up to 176 crore equity shares on a preferential basis to raise ₹1,980 crore.
The telco will issue these shares to Omega Telecom Holdings Private Limited (₹1,280 crore) and Usha Martin Telematics Limited (₹700 crore), both Vodafone Group companies. The shares will be issued at a price of ₹11.28 per share, which represents a premium of nearly 40% over the closing price of ₹8.11 on
This story is from the December 10, 2024 edition of The New Indian Express Kozhikode.
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