Investment16 May 2026, 06:51 pm
Vodafone Idea to Issue ₹4730 Cr Warrants to Suryaja Investments
AI Summary
Vodafone Idea Ltd's board approved the issuance of up to 430 crore warrants to Suryaja Investments Pte. Ltd., Singapore, at ₹11 per warrant, aggregating up to ₹4,730 crore on a preferential basis. An extraordinary general meeting will be held on June 11, 2026, to seek shareholder approval for the preferential issue. Each warrant is convertible into one equity share, exercisable within 18 months from the date of allotment, with 25% of the warrant price payable upon subscription and the balance upon exercise.
Key Highlights
- Vodafone Idea will issue up to 430 crore warrants to Suryaja Investments.
- The issue price is ₹11 per warrant, totaling up to ₹4,730 crore.
- Shareholders' approval is sought on June 11, 2026, for the preferential issue.
- Each warrant converts into one equity share within 18 months.
- 25% of the warrant price is payable on subscription, balance on exercise.
Price Impact
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