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Vodafone Idea planning to raise funds

26 Feb 2022 Evaluate

Vodafone Idea is planning to raise funds in one or more tranches by way of preferential allotment, private placement, including a qualified institutions placement or through any other permissible mode and/or combination thereof as may be considered appropriate, by way of issue of equity shares or by way of issue of any instruments or securities including securities convertible into equity shares, Global Depository Receipts, American Depository Receipts or bonds including foreign currency convertible bonds, convertible debentures, share warrants, and / or nonconvertible debentures including non-convertible debentures along with warrants, which may or may not be listed. A meeting of the Board of Directors of the Company is scheduled to be held on March 3, 2022, interalia, to consider and approve the same.

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.

Peers
Company Name CMP
Bharti Airtel 1825.70
Vodafone Idea 14.25
Indus Towers 377.25
Tata Communications 1758.10
Railtel Corp. India 249.90
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