Investment22 Jun 2026, 08:00 pm
Vodafone Idea Allots 430 Cr Warrants to Promoter Group Entity
AI Summary
Vodafone Idea Limited has approved the allotment of 430 Crore warrants to Suryaja Investments Pte. Ltd., an entity within the Aditya Birla Group and a promoter group member. The allotment is on a preferential basis for cash at an issue price of ₹11 per warrant. The company has received 25% of the issue price, amounting to ₹2.75 per warrant, totaling ₹1,182.50 Crore. Each warrant is convertible into one equity share of face value ₹10 at a premium of ₹1. The conversion can be exercised within 18 months by paying the remaining 75% of the issue price. This transaction does not immediately increase the company's paid-up equity share capital.
Key Highlights
- Vodafone Idea allots 430 Crore warrants to promoter group.
- Warrants issued on preferential basis at ₹11 per warrant.
- ₹1,182.50 Crore received as 25% upfront payment.
- Warrants convertible to equity shares within 18 months.
- No immediate increase in paid-up equity capital.
Price Impact
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