Business Update21 May 2024, 06:58 pm
Vodafone Idea Raises Rs. 2,075 Crore Through Preferential Issue to Oriana Investments
AI Summary
Vodafone Idea Ltd has announced the allotment of 1,395,427,034 Equity Shares to Oriana Investments Pte. Ltd, an Aditya Birla Group entity, at an issue price of Rs. 14.87 per share. The preferential issue, approved by the Board and members of the company, has increased the company's paid-up Equity Share capital from Rs. 664,834,567,380 to Rs. 678,788,837,720.
Key Highlights
- Vodafone Idea completed a preferential issue of 1,395,427,034 Equity Shares
- Oriana Investments, an Aditya Birla Group entity, is the allottee
- The shares were issued at an issue price of Rs. 14.87 each
- This allotment has increased Vodafone Idea's paid-up Equity Share capital from Rs. 664.83 billion to Rs. 678.79 billion