Vodafone Idea has received shareholders' approval to raise its authorized share capital from existing Rs 30,293 crore to Rs 50,000 crore. The increased authorised share capital provides headroom for the company to infuse additional funds. The proposal to increase the share capital follows Rs 25,000 crore rights issue which led to the issue of additional shares by the company.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.
