Saturday, July 13, 2024
spot_img
HomeBusinessVodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board...

Vodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board nod

Vodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board nod


Debit-ridden Vodafone Idea’s (VI) board has approved raising 2075 crore from promoter Aditya Birla Group, the telecom operator informed in a filing on Saturday

Representational Image

“The Vodafone Idea board has approved issuance of up to 1,395,427,034 equity shares of face value of 10 each at an issue price of 14.87 per equity share  (including a premium of 4.87 per equity share), aggregating to 2075 crore to Oriana Investments Pte Limited, on a preferential basis,” the filing stated.

Unlock exclusive access to the story of India’s general elections, only on the HT App. Download Now!

Oriana Investments is an entity of the Aditya Birla Group.

The VI board also okayed an increase in the telecom firm’s authorised share capital, from the existing 75,000 crore ( 70,000 crore equity share capital plus 5000 crore preference share capital) to 1 lakh crore.

(Details being added, check again for details)

 

 

 

Discover the complete story of India’s general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments