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Vodafone Idea to seek shareholders' nod to raise Rs 436.21 crore from promoter group Vodafone

24 Jun 2022 Evaluate

Vodafone Idea is all set to seek shareholders' nod to raise Rs 436.21 crore from its promoter group Vodafone in an extraordinary general meeting to be held on July 15. Vodafone Idea promoters - Vodafone Group and Aditya Birla Group - jointly hold a 74.99 per cent stake in the company.

Earlier, the Board of Directors of the company at its meeting held on June 22, 2022, had 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.

Vodafone Idea Share Price

14.07 -0.25 (-1.75%)
25-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1850.15
Vodafone Idea 14.07
Indus Towers 393.00
Tata Communications 1994.90
Bharti Hexacom 1480.20
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