Vodafone Idea has received an approval to raise Rs 436.21 crore equity investment from its UK-based promoter firm Vodafone Group. The Board of Directors of the company at its meeting held on June 22, 2022, has approved raising of funds aggregating upto Rs 436.21 crore by way of issuance of either: upto 42,76,56,421 Equity Shares of the face value of Rs. 10 each; or upto 42,76,56,421 Warrants convertible into Equity Shares, to Euro Pacific Securities (a Vodafone Group entity and promoter of the Company), on a preferential basis.
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.
